4 Cloud Computing Stocks to Watch as Markets Hit Record High on a Trot

Core Insights - Cloud computing is driving innovation and digital transformation across various industries by enabling firms to access and store data over the Internet without managing physical servers, leading to widespread adoption at minimal operating costs [2][4] - The global cloud computing market is projected to grow from $752.4 billion in 2024 to $2,390.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 20.4% [6] Industry Overview - Cloud computing eliminates fixed capital expenses related to hardware and software purchases, reduces operating costs, and operates on a pay-per-use model, enhancing productivity and scalability [4] - The services are categorized into four main types: IaaS, PaaS, serverless, and SaaS, each offering varying levels of control and flexibility [5] Key Companies - Microsoft Corporation (MSFT): A leading public cloud provider with its Azure platform, which offers a wide range of IaaS and PaaS solutions. Microsoft has expanded Azure's availability globally, enhancing its competitive position [9][10] - Alphabet Inc. (GOOGL): Google Cloud has become a significant growth driver for Alphabet, with substantial investments in infrastructure and AI capabilities. Google Cloud is now the third-largest cloud provider globally [13][14] - International Business Machines Corporation (IBM): IBM has strengthened its position in the hybrid cloud market through acquisitions like Red Hat and HashiCorp, focusing on analytics, cloud computing, and security for future growth [16][18] - Arista Networks Inc. (ANET): Specializes in cloud networking solutions, offering high-capacity, low-latency products that support various cloud management frameworks. Arista's unified software stack distinguishes it in the industry [19][20][22]