My top three stock picks in this realm may seem obvious, as they are the world’s largest cloud computing providers: Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). I’m bullish on all three, as cloud computing could soon be the most dominant part of their businesses.<\/p>\n
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Image source: Getty Images. 1. Amazon <\/p>\n
Although most people think of Amazon first as an e-commerce company, I see it as a cloud computing company. While the revenues from its e-commerce business unit far exceed those of Amazon Web Services (AWS), the reverse is true when it comes to profits. In Q1, AWS accounted for 59% of Amazon’s operating profits.<\/p>\n
Fortunately, there’s a lot more growth in store. AWS just delivered its best quarter in nearly four years, with revenue rising 28% year over year. But that’s only the start.<\/p>\n
Amazon intends to invest $200 billion in constructing data centers this year, and its CEO noted in his letter to shareholders that the faster AWS is growing, the more capital the company has to invest in the business to support that growth. Management sees this as a major long-term win in terms of expanding the company’s cash flow.<\/p>\n
With a strong long-term outlook<\/a>, I think Amazon is\u00a0a solid stock to buy and hold over the next decade.<\/p>\n 2. Microsoft <\/p>\n While AWS is the world’s largest cloud computing provider, Microsoft Azure is the second-largest. Azure has consistently delivered solid growth for several years, and the latest quarter was no exception. Its revenue rose an impressive 40% year over year, making it the fastest-growing Microsoft business unit.<\/p>\n Story Continues <\/p>\n Microsoft is also investing billions into its data center footprint, and there’s no reason to expect its growth rate to decelerate anytime soon. Azure is one of my top reasons to invest in Microsoft, and its continued success will be key to the overall business’s success<\/a>.<\/p>\n 3. Alphabet <\/p>\n Although Alphabet’s Google Cloud is the smallest of the big three, it’s growing the quickest. In Q1, revenue rose 63% year over year. However, it had a little help.<\/p>\n One of the primary reasons why Google Cloud has become a top place to train and run AI models is its Tensor Processing Units (TPUs). These custom AI chips can run at a cheaper rate than GPUs, but only for workloads that are configured properly for a TPU. However, a growing volume of workloads fit the specs that these application-specific integrated circuits (ASICs) were made to handle, which explains why they are becoming increasingly popular. And now, instead of only installing them in its own data centers, Alphabet is also selling them to external clients.<\/p>\n That has created a new income stream for Google Cloud and boosted its revenue. However, it’s still rapidly growing its core Google Cloud business and deserves inclusion alongside these other solid cloud computing companies.<\/p>\n All three of these companies will continue to cash in on the AI build-out for years after most assume it’s over. The infrastructure each is now spending hundreds of billions of dollars to construct will likely yield a far greater return on investment than the money would if used in other areas. As a result, I’m bullish on their future and think they are all excellent investments.<\/p>\n Should you buy stock in Amazon right now? <\/p>\n Before you buy stock in\u00a0Amazon, consider this:<\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Amazon\u00a0wasn\u2019t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.<\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $439,632!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $1,316,532!*<\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of June 4, 2026. <\/p>\n Keithen Drury<\/a> has positions in Alphabet, Amazon, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, and Microsoft. The Motley Fool has a disclosure policy<\/a>.<\/p>\n