3 Cloud Computing Stocks to Buy in January
Businesses of all shapes and sizes, in all types of industries and across all geographies, are moving their workloads to the cloud. According to Gartner Research Vice President Sid Nag, "At this point, cloud adoption is mainstream... Adoption of next-generation solutions are almost always 'cloud-enhanced' solutions, meaning they build on the strengths of a cloud platform to deliver digital business capabilities." Nag goes on to say that by 2022, 60% of organizations will use an outside managed cloud platform -- good for double the percentage of companies that used outside cloud vendors just in 2018.
It's no wonder then that cloud-based infrastructure and software companies have been some of the hottest parts of the technology sector these days, with many cloud-focused stocks trouncing the market's returns.
Though the calendar has now flipped to 2020, I wouldn't expect the trend to slow down any time soon. Here are three cloud-focused stocks that look like good bets in January.
Source Fool.com
