The cloud and artificial intelligence (AI) markets expanded rapidly over the past decade. Many companies realized it was more convenient to use cloud-based services instead of desktop-based software — which required more on-site computing power, maintenance, and manual updates — and they used AI algorithms to crunch all of that cloud-based data to make smarter decisions.
The following three companies benefited from those secular trends. Let’s see what makes those companies great cloud and AI plays, and why they could still head higher over the next few decades.
This post originally appeared at The Motley Fool.