3 Top Cloud Stocks to Buy in October
The cloud market has ballooned in recent years. The COVID-19 pandemic increased demand for cloud services as businesses adopted hybrid working styles and digital payment models.
And now, the industry has received another boost thanks to advances in artificial intelligence (AI). Countless companies are seeking AI services to improve productivity, putting cloud giants and chipmakers in a position to profit handsomely from the rise. Fortune Business Insights values the cloud market at $569 billion and projects it will grow at a 20% rate through 2030.
With the sector still having plenty to offer investors over the long term, now might be a great time to add a cloud stock to your holdings. Here are three to consider in October.
Source Fool.com
