Which cloud computing stocks have potential

Based on your interest in cloud computing stocks with potential, we should focus on those with the following characteristics:

1. **Strong Revenue Growth**
- 3-Year Revenue CAGR > 20%
2. **Attractive Valuation**
- P/E Ratio < 25
3. **Significant Market Capitalization**
- Market Cap > $1 billion

However, no results were found with these exact criteria. To explore suitable options, we should consider relaxing some of the stringent conditions to get a better match.

Here are some cloud computing stocks that exhibit significant potential based on industry trends and financial performance:

1. **Microsoft (MSFT)**:
- Azure cloud computing division revenue increased by 34% to $75 billion annually.
- Net income rose 24% year-on-year to $27.2 billion, surpassing analyst expectations.
- Microsoft’s stock is valued at $3.8 trillion, second only to Nvidia.
2. **Alphabet (GOOGL)**:
- Boosted its AI spending plans by $10 billion to $85 billion for the calendar year.
- Cloud computing revenues surged by almost a third.
3. **Amazon (AMZN)**:
- AWS continues to be a significant contributor to Amazon's growth.
- Cloud computing spending is projected to grow at a 21.2% CAGR from $752.4 billion in 2024 to $2.4 trillion in 2030.
4. **ServiceNow (NOW)**:
- Recently turned profitable, which could be a great stock holding for the next decade.
- Sky-high growth potential as the cloud infiltrates more corporate operations.
5. **DigitalOcean (DOCN)**:
- A fresh face in the cloud market with a unique value proposition.
- Offers a compelling long-term bet on AI infrastructure.

These companies are not only benefiting from the growth in cloud computing but are also well-positioned to capitalize on the integration with AI and IoT technologies, which are expected to drive the industry's future growth.