·Explore Trends
Trend

Cloud Computing

Cloud computing lets businesses rent computing power instead of building their own data centres. It has become the backbone of the global economy — every major bank, hospital, government, and retailer now runs partly or entirely in the cloud. The market is still early.

45
companies
29
pure play
16
major beneficiary
Pure Play
Core business is this trend
AMZNAMZN
AMZN
Amazon
Pure Play

AWS is the world's largest cloud platform with around 31% market share. It is by far Amazon's most profitable business, generating the majority of the company's operating income despite being a fraction of total revenue. The clear market leader.

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MSFTMSFT
MSFT
Microsoft
Pure Play

Azure is the second-largest cloud platform and growing faster than AWS. Every enterprise already has a Microsoft relationship, making Azure the natural choice for companies migrating to the cloud. Bundled with Office 365 and Teams.

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NETNET
NET
Cloudflare
Pure Play

Operates one of the largest networks on the internet, handling security, performance, and now AI inference at the edge. Sits between every internet user and millions of websites. Positioned at the intersection of cloud, security, and AI.

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SNOWSNOW
SNOW
Snowflake
Pure Play

Sells cloud-based data warehousing — the software companies use to store and analyse massive amounts of data across multiple clouds. Companies spend heavily on Snowflake because data is now their most valuable asset.

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NVDANVDA
NVDA
Nvidia
Pure Play

Scores 10/10 for Data Centers.

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BABABABA
BABA
Alibaba
Pure Play

Scores 10/10 for Cloud Computing.

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CRMCRM
CRM
Salesforce
Pure Play

Scores 10/10 for Cloud Software.

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NOWNOW
NOW
ServiceNow
Pure Play

Scores 10/10 for Cloud Software.

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VRTVRT
VRT
Vertiv
Pure Play

Scores 10/10 for Data Centre Infrastructure.

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SMCISMCI
SMCI
Super Micro Computer
Pure Play

Scores 10/10 for Data Centers.

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ANETANET
ANET
Arista Networks
Pure Play

Scores 9/10 for Cloud Infrastructure. Also relevant to Data Centers.

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MRVLMRVL
MRVL
Marvell Technology
Pure Play

Scores 9/10 for Data Centers.

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ALABALAB
ALAB
Astera Labs
Pure Play

Scores 9/10 for Data Centers.

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CRDOCRDO
CRDO
Credo Technology
Pure Play

Scores 9/10 for Data Centers.

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ETNETN
ETN
Eaton
Pure Play

Scores 9/10 for Data Centre Infrastructure.

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IBMIBM
IBM
IBM
Pure Play

Scores 9/10 for Hybrid Cloud.

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DELLDELL
DELL
Dell
Pure Play

Scores 9/10 for Data Centre Build-Out.

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WDAYWDAY
WDAY
Workday
Pure Play

Scores 9/10 for Cloud Computing.

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NTAPNTAP
NTAP
NetApp
Pure Play

Scores 9/10 for Hybrid Cloud.

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HPEHPE
HPE
Hewlett Packard Enterprise
Pure Play

Scores 9/10 for Hybrid Cloud. Also relevant to Data Centre Build-Out.

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NTNXNTNX
NTNX
Nutanix
Pure Play

Scores 9/10 for Hybrid Cloud. Also relevant to Hyperconverged Infrastructure.

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CRWVCRWV
CRWV
CoreWeave
Pure Play

Scores 9/10 for Cloud Computing. Also relevant to GPU-as-a-Service and Data Centre Build-Out.

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CLSCLS
CLS
Celestica
Pure Play

Scores 9/10 for Data Centre Build-Out.

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DUKDUK
DUK
Duke Energy
Pure Play

Scores 9/10 for Data Centre Energy.

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SOSO
SO
Southern Company
Pure Play

Scores 9/10 for Data Centre Energy.

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EXCEXC
EXC
Exelon
Pure Play

Scores 9/10 for Data Centre Energy.

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TTTT
TT
Trane Technologies
Pure Play

Scores 9/10 for Data Centre Energy.

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EQIXEQIX
EQIX
Equinix
Pure Play

Scores 9/10 for Data Centre Build-Out. Also relevant to Cloud Computing.

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DLRDLR
DLR
Digital Realty
Pure Play

Scores 9/10 for Data Centre Build-Out.

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