Tech Sell-Off: 1 Cloud Stock Down 65% to Buy Hand Over Fist Before the End of 2022
One way investors look for opportunities is to identify durable trends. In a world where more and more data is moving to the cloud, companies supporting cloud infrastructure seem positioned to take advantage of this secular tailwind.
Often, this means looking at the three largest leaders in this space: Amazon Web Services (AWS), Alphabet's Google Cloud, and Microsoft Azure. However, a lesser-known competitor to these titans has found a niche and built a strong business around serving that customer. With the stock down 65% this year, DigitalOcean (NYSE: DOCN) is worth a closer look before the end of 2022.
DigitalOcean provides cloud infrastructure for small and medium businesses (SMBs). Because it caters to this market, DigitalOcean has focused on things like simplicity, transparent pricing, and robust support. These areas of focus have proven to be particularly helpful to these smaller businesses that often have limited employees and resources.
Source Fool.com
