From Yahoo Finance: 2025-03-30 16:49:00

The article discusses the best cloud computing stocks to buy under $10, focusing on Olo Inc. (NYSE: OLO) and its position in the market. Cloud computing involves delivering computing services over the Internet, allowing businesses and individuals to access resources on demand. The industry is growing due to cost-effectiveness, scalability, and digital transformation demand.

Gartner projects 90% of organizations will adopt hybrid cloud by 2027, with global spending on public cloud services expected to reach $723 billion in 2025. Goldman Sachs highlights the robust cloud computing sector, especially with the integration of AI technologies. The industry is looking for transformative AI applications in the long term.

To identify the top cloud computing stocks under $10, a list was compiled based on market capitalization, potential upside, and hedge fund ownership. Olo Inc. stands out with a share price of $6.15 and 30 hedge fund holders. Olo provides restaurants with an online ordering and delivery platform, catering to the increasing demand for digital solutions in the industry.

Olo’s platform enhances restaurant operations by efficiently managing orders and improving customer experience. The company reported strong revenue growth, expecting revenue between $333-$336 million in 2025. While Olo is a promising investment, AI stocks are seen as having greater potential for higher returns in a shorter time frame, according to market analysis.

Overall, Olo ranks 3rd on the list of best cloud computing stocks under $10. Despite Olo’s growth potential, AI stocks are considered more promising. For investors seeking potential AI stocks with significant upside, a report on the cheapest AI stock is recommended. It’s essential to consider the evolving landscape of technology sectors for optimal investment choices.



Read more at Yahoo Finance: Is Olo Inc. (OLO) the Best Cloud Computing Stock to Buy Under $10?