The cloud has emerged as one of the more transformational technologies of the current era. Internet-based servers and the software and databases they support can cut costs and increase efficiencies for entities.

Companies ranging from newly minted start-ups to established tech giants have capitalized on this technology. And while numerous players in the sector have tremendous growth potential, I view Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Snowflake (NYSE: SNOW), and International Business Machines (NYSE: IBM) as among the best-positioned cloud stocks to benefit investors today.

Alphabet, like Amazon and Microsoft before it, approached the cloud as a second act. All three tech giants pivoted to the cloud to either supplement or compensate for slowing growth in original business lines.

Continue reading

Source Fool.com