For Immediate Release
Chicago, IL – May 29, 2026 – Today, Zacks Investment Ideas feature highlights Alphabet GOOGL.
Looking for Cloud Stocks? Use This Zacks Tool
Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you’re interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.
Let’s take a closer look at the ‘Cloud Computing’ screen and analyze a stock within, namely Alphabet.
Cloud Computing Overview
Cloud computing refers to the on-demand, seamless access of computing resources such as servers, storage, databases, networking, software, analytics, and intelligence over the Internet (the cloud) on a pay-per-use pricing model.
It marks a paradigm shift from traditional on-premises infrastructure storage to remote cloud-based storage facilities and relies heavily on virtualization and automation technologies. Instead of buying, owning, and maintaining physical data centers and servers, organizations access a virtual pool of shared resources from a cloud service provider on an as-needed basis.
This lowers operating costs, increases productivity with greater agility and flexibility, and improves scalability with higher economies of scale. Please click here to access the Zacks Cloud Computing Thematic Screen.
Google Cloud Growth Accelerates
Alphabet’s latest cloud results were the primary driver behind its recent post-earnings positivity, with the company quickly becoming one of the most popular players in the industry.
Google Cloud revenue throughout its latest period totaled $20.0 billion, crushing our estimate and reflecting a sizable 62.7% YoY growth rate. The cloud acceleration was a huge positive for Alphabet in terms of market sentiment, as cloud growth rates have often dictated post-earnings reactions in recent years.
The EPS outlook also remains bullish across the board for the Mag 7 member, a huge positive concerning its share momentum.
Bottom Line
Thematic investing has emerged as a powerful way for investors to sync their portfolios with emerging trends. A mix of long-term and short-term themes is increasingly dictating which companies lead as economies expand and markets shift.
The Cloud Computing thematic list, which currently Alphabet is part of, focuses on technology companies that provide the related hardware and software to enable cloud computing services, the communication service providers that offer the network facilities, and the various firms that utilize the services.
