NASDAQ: MSFT | Microsoft Corp. News, Ratings, and Charts The cloud computing industry is rapidly expanding, driven by the increasing demand for scalable, cost-effective solutions and enhanced data security. Innovations in AI and ML are further accelerating its growth across various sectors. Therefore, investors looking to invest in fundamentally strong cloud computing stocks might consider investing in industry giants Microsoft Corporation ( MSFT – Get Rating ), Amazon.com, Inc. ( AMZN – Get Rating ), and Alphabet Inc. ( GOOGL – Get Rating ), which are driving digital transformation. The cloud computing market is seeing substantial growth as more businesses prioritize cost savings and improved data security by adopting cloud solutions. Artificial Intelligence and Machine Learning play a crucial role in this digital shift, facilitating real-time analytics and the advanced processing of big data. Therefore, the cloud computing market is forecast to grow at a CAGR of 18.5% by 2029 . Additionally, cloud services are slowly replacing personal computers and local servers, especially in large enterprises and private deployments. Video-on-demand and image and video processing are key applications of cloud computing, with public cloud services providing affordable solutions for businesses. Considering these encouraging trends, let’s take a detailed look […]