This AI Cloud Stock Is Obliterating Amazon, Microsoft, and Alphabet With a 1-Year Return of 275%. Is It Still a Buy?
Artificial intelligence has been a major tailwind for this budding cloud company.
Overview
The cloud computing industry is dominated by Amazon Web Services, Microsoft Azure, and Alphabet's Google Cloud, and all three companies are currently spending hundreds of billions of dollars to build highly specialized data centers as they battle for artificial intelligence (AI) supremacy.
But a tiny $14 billion cloud company called DigitalOcean (NYSE: DOCN) is taking the fight to those giants and has captured a valuable slice of the AI market. In fact, its stock has exploded higher by 275% over the last 12 months, obliterating Amazon, Microsoft, and Alphabet, which have returned an average of just 31%. Here's why.
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Originally published at www.fool.com.