Cloud computing refers to the use of the Internet (“Cloud”) to provide computing services, including servers, storage, databases, networking, software, and analytics. This means that businesses and individuals have access to these resources, rather than owning and maintaining physical servers and infrastructure, and can only pay for what they use. This article explains not only the cloud infrastructure company, but also the broader definition of cloud computing. These include companies that deliver products through the cloud, such as Software as a Service (SAAS), Infrastructure Asa Services (IAAS), Platform as a Service (PAAS), Cloud-native applications, or “As-a-Service” models such as platforms and services running in the cloud.
The cloud computing industry has grown impressively over the years thanks to its ability to provide cost-effectiveness, unlimited scalability, and increased speed of digital conversion. Simply put, digital transformation and adoption of new technologies will be important for survival and competitiveness in the current market environment, leading to high demand for cloud computing services. Even small businesses can afford to adopt new technologies with the help of cloud services. This allows them to be agile, well equipped, compete and adapt to changing market dynamics.
However, the technology still has a long growth trajectory ahead, as Gartner highlights in its latest report on the topic. In this report, Gartner predicted that 90% of organizations would adopt hybrid cloud by 2027. The research company predicted that global end-user spending in 2025 would reach around $723 billion from $596 billion in 2024. Although these two segments are growing faster, SaaS is expected to remain the largest segment, contributing about 41% of total spending.
About CNBC Working overtime with Bell A few months ago, Eric Sheridan, managing director at Goldman Sachs, discussed AI and cloud computing, among other topics. He said the cloud computing sector remains robust and is further strengthened by the increased deployment of AI technology. Furthermore, businesses are increasingly considering integrating AI into their workflows to increase productivity and efficiency. Additionally, he said the industry is still looking for “killer applications” for AI. This essentially means use cases that can have a significant transformational impact on AI-based industries and lifestyles. In addition to his views, Eric also emphasized that while the benefits of AI appear in the short term, the long-term impact and benefits are still invisible. Overall, this discussion illustrates the robust growth of cloud computing over the next few years.
To identify the best cloud computing inventory for purchases under $10, we first edited our list of cloud computing inventory using screeners, ETFs, and financial media reports. They then screened for stock trading for less than $10. Market capitalization was at least $300 million, with potential upsides over 10%. By leveraging data from Insider Monkey’s Q4 2024 hedge fund database, we have identified the top 10 shares with the best hedge fund ownership from this refined list. Finally, we ranked these stocks in ascending order.
Note: All price data is approaching the market on March 28th.
Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).
Is Sprinklr Inc. (CXM) the best cloud computing stock to buy for under $10?
A software engineer working on monitoring in a modern office.
Current stock price: $8.43
Number of hedge fund holders: 25
Sprinklr Inc. (NYSE: CXM) offers customer experience management (CXM) solutions using the AI-driven Unified-CXM platform for businesses that enables customers to handle customer interactions across a variety of channels, including social media, messaging, and email. The platform integrates data analytics, artificial intelligence and machine learning to enhance customer engagement, streamline your marketing efforts, and improve your overall brand experience.
Sprinklr Inc. (NYSE:CXM) ended the fourth quarter with no cash and liabilities. FY2026 is expected to be a transition year as the company focuses on cost optimization, improves its approach to market and enhances product innovation. Management is moving towards the 40 metric rules for the software industry, aiming to increase sustainable and efficient growth and profitability. A recent 15% reduction is expected to support improved margins.
In fiscal year 2025 (ends in January), Sprinklr produced stable results, with revenues rising 9% year-on-year to $796.4 million. However, revenue growth is expected to be over 3% in fiscal 2026, reaching $823 million. Nevertheless, EPS is projected to improve 10% to $0.39 after a decline in 2025.
The company is nervous enough to benefit from growing demand for a smooth digital customer experience. However, its financial performance has fallen below expectations for the recent quarter, and the company is working on improvement plans. Therefore, the market continues to stand by for visible signs of improvement. However, on March 13, JMP Securities’ Patrick Walravens repeated the purchase rating of Sprinklr with a price target of $17. This suggests that the stock price will double from here.
Overall, CXM 8th place A list of the best cloud computing stocks to buy for under $10. While acknowledging the potential for CXM to grow, our belief lies in the belief that AI stocks offer higher returns and hold a greater commitment to doing so within a shorter time frame. If you’re looking for AI stocks that are more promising than CXM, but are trading at less than five times the revenues, Cheapest AI stocks.
