Alphabet, Cisco and Cloudflare Emerge as 3 Top Cloud Picks as AI Spending Accelerates
Updated
Updated · The Globe and Mail · Jul 31
Alphabet, Cisco and Cloudflare Emerge as 3 Top Cloud Picks as AI Spending Accelerates
3 articles · Updated · The Globe and Mail · Jul 31
Summary
Three cloud stocks—Alphabet, Cisco and Cloudflare—were highlighted as buys before August, with the call centered on AI-driven demand for cloud infrastructure, cybersecurity and enterprise software.
AI expansion, heavier data-center spending and renewed corporate tech budgets are lifting the sector, while easing rate concerns have also supported valuations for high-growth cloud names.
Alphabet’s current-year earnings are projected to grow 64.8%, while Cisco shares are up 48.7% in 2026 and Cloudflare stock has gained 34.7%, underscoring the group’s momentum.
The bullish case still rests on durable trends beyond August: enterprise cloud migration, recurring subscription revenue and the broader shift to digital infrastructure supporting generative AI.