These Three Firms Could Gain the Most as
#Cloud Computing Gets Heated-
1. Snowflake (NYSE: )
At the end of October, Snowflake entered coverage as a growth cloud computing company poised to reap benefits from the AI hype. Specifically, Snowflake is built around warehousing, analyzing, and sharing data. The platform is compatible with Big Tech offerings, and Snowflake’s architecture allows for efficient demand scaling.
2. Datadog (NASDAQ:
#DDOG )
Datadog is a software-as-a-service (SaaS) company helping businesses monitor and troubleshoot cloud computing applications to the granular code level. The company houses the entire full-stack infrastructure service, so clients only access their monitoring/security/analyzing needs via a web browser.
3. DigitalOcean Holdings (NYSE:
#DOCN )
DigitalOcean received the largest buy pressure out of cloud computing stocks, gaining 31% value over the week to $25.27 per DOCN share. Competing against Big Tech with affordable pricing and ease of use, the SaaS company offers storage, troubleshooting, networking, data streaming, and scaling for high data workloads for apps.