1
GOOGL
2nd
Google Cloud provides consumption-based infrastructure-as-a-service, platform-as-a-service, and application services to enterprise customers.
Alphabet
Cloud Platforms
4.25 Tn
349.54
+0.64%
+38.69%
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2
MSFT
Microsoft operates Azure, a large-scale public cloud platform providing infrastructure-as-a-service and platform-as-a-service to external customers. This is a core component of its Intelligent Cloud segment and a primary driver of its current business strategy.
Microsoft
Cloud Platforms
3.67 Tn
493.78
-0.80%
-2.89%
27.98
11.05
3.53 Tn
3
AMZN
2nd
Amazon Web Services (AWS) provides on-demand cloud infrastructure, including compute, storage, and database services, to startups, enterprises, and government agencies.
Amazon Com
Cloud Platforms
2.74 Tn
253.71
+1.00%
+9.72%
12.71
1.97
2.61 Tn
4
SOS
2nd
The company operates a hosting facility in Wisconsin that provides computing power and infrastructure for cryptocurrency mining to individual and business users, generating $6.507 million in hosting service fees.
Sos
Data Centers
1.82 Tn
0.70
-9.09%
-59.77%
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—
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5
ORCL
2nd
The company operates Oracle Cloud Infrastructure (OCI), providing on-demand compute, storage, and networking services to external customers as a public cloud platform.
Oracle
Cloud Platforms
446.40 Bn
147.62
-1.97%
-50.23%
25.49
6.22
409.75 Bn
6
BABA
2nd
The company operates Alibaba Cloud, providing scalable infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software services to enterprises and government entities.
Alibaba Group Holding
Cloud Platforms
263.05 Bn
113.26
+4.40%
-30.29%
24.97
1.75
227.79 Bn
7
IBM
IBM's primary focus is providing hybrid cloud platforms and solutions, selling software subscriptions and cloud services to help clients modernize workloads. The profile explicitly identifies hybrid cloud and AI solutions as the core of its business transformation offerings.
International Business Machines
Cloud Platforms
216.30 Bn
229.58
-3.46%
-13.37%
20.15
3.13
205.03 Bn
8
STX
2nd
The company provides a storage-as-a-service offering through its Lyve edge-to-cloud platform, delivering scalable storage at the metro edge.
Seagate Technology Holdings
Data Centers
194.77 Bn
858.79
+6.93%
+296.41%
59.07
15.97
193.06 Bn
9
SHOP
2nd
Shopify generates recurring revenue from the sale of domain name registrations to its merchants.
Shopify
Web Hosting and Domains
166.44 Bn
128.50
-0.08%
-15.52%
86.33
12.54
161.49 Bn
10
NET
Cloudflare operates a globally distributed network of edge nodes providing content delivery (CDN), DDoS mitigation, and web application firewalls delivered as edge services. Its Application Services segment specifically focuses on protecting and accelerating internet applications via load balancing and DNS at the network edge.
Cloudflare
Content Delivery Networks
104.32 Bn
323.80
-3.07%
+44.83%
-556.24
41.52
100.16 Bn
11
EQIX
Equinix operates a global network of 280 data centers, providing colocation services where customers place their own IT equipment in private cages and secure cabinets. Its revenue is primarily derived from recurring charges for data center space and power, which matches the description of a data center operator providing physical infrastructure for third-party use.
Equinix
Data Centers
100.78 Bn
1,021.34
-0.45%
+30.06%
65.85
10.28
98.58 Bn
12
HPE
2nd
The company provides cloud-native and hybrid solutions through the HPE GreenLake platform, offering infrastructure-as-a-service for virtual machines, containers, and bare metal.
Hewlett Packard Enterprise
Cloud Platforms
80.68 Bn
60.75
-0.51%
+140.69%
30.34
1.93
74.47 Bn
13
SLB
2nd
The company explicitly operates a 'Data Center Solutions' business line, providing the physical compute infrastructure necessary for its digital energy operations.
Slb
Data Centers
75.87 Bn
51.12
-1.86%
+47.15%
25.92
2.70
72.98 Bn
14
DLR
2nd
The company provides colocation and interconnection solutions, managing the physical compute infrastructure and power for third-party use. It offers managed infrastructure and Critical Facilities Management services to support customer workloads.
Digital Realty Trust
Data Centers
67.37 Bn
182.08
-1.18%
+6.26%
352.75
9.95
67.07 Bn
15
NBIS
Nebius provides a full stack AI cloud platform offering GPU-based compute instances, storage, and networking for AI model training and inference. It competes directly with major cloud providers like AWS, Google Cloud, and Azure, selling compute resources as a service.
Nebius
Cloud Platforms
56.56 Bn
223.54
+2.55%
+137.51%
-211.80
41.74
48.52 Bn
16
NDAQ
2nd
The company earns income from colocation services and connectivity options, providing physical data center infrastructure for exchanges and financial institutions to reduce latency.
Nasdaq
Data Centers
52.57 Bn
93.54
+2.44%
+5.25%
26.83
6.01
51.86 Bn
17
CRWV
CoreWeave is a purpose-built AI cloud provider that operates a network of data centers and sells on-demand and committed access to GPU clusters, high-performance networking, and AI-optimized storage. Its primary revenue comes from Infrastructure Services delivered as a cloud platform to research labs and enterprises.
CoreWeave
Cloud Platforms
44.83 Bn
81.36
+1.85%
-32.98%
-23.25
5.91
39.29 Bn
18
NTAP
2nd
NetApp operates a Public Cloud segment that delivers cloud-native storage and data services as-a-service, including Azure NetApp Files and Amazon FSx for NetApp ONTAP.
NetApp
Cloud Platforms
38.77 Bn
197.79
+0.44%
+56.53%
28.61
5.25
35.19 Bn
19
CHT
2nd
The company is the largest IDC (Internet Data Center) services provider in Taiwan with a market share exceeding seventy percent, selling data center services to enterprise and international customers.
Chunghwa Telecom
Data Centers
35.63 Bn
45.93
+0.44%
+3.40%
26.61
4.51
33.54 Bn
20
IREN
2nd
IREN owns and operates its own physical data center facilities, including the land, buildings, and electrical infrastructure, and provides GPU-as-a-service for AI training and inference workloads.
Iren
Data Centers
35.52 Bn
46.68
+7.36%
+28.52%
-21.00
50.24
27.95 Bn
21
P
2nd
The company provides 'Everpure Cloud services' and a cloud operating model that delivers storage as a service, allowing customers to access computing and storage resources in public cloud settings.
Everpure
Cloud Platforms
34.64 Bn
103.94
-0.05%
+19.39%
136.63
8.13
33.63 Bn
22
ERIC
2nd
The company operates a 'Other' segment that specifically includes content delivery networks (CDNs) used to distribute video, audio, and digital content to end users.
Ericsson Lm Telephone
Content Delivery Networks
34.29 Bn
10.17
-1.17%
+26.02%
12.97
1.41
29.21 Bn
23
IRM
2nd
The company operates a Global Data Center segment that provides enterprise-class colocation facilities and hyperscale ready capacity, leasing power and space to customers across 31 data centers.
Iron Mountain
Data Centers
34.02 Bn
114.28
+0.27%
+15.53%
81.27
4.50
34.14 Bn
24
BIDU
2nd
Baidu operates an AI Cloud segment that provides infrastructure and platform services for enterprises, ranking among the top AI cloud providers in China.
Baidu
Cloud Platforms
30.60 Bn
89.93
-0.11%
-33.51%
-5.77
1.67
8.20 Bn
25
VRSN
VeriSign operates as a domain name registry for TLDs such as .com and .net, charging annual fees for registrations and renewals. The company also performs Root Zone Maintainer functions and operates global internet root servers, which are core components of the naming and hosting layer of the internet.
Verisign
Web Hosting and Domains
27.40 Bn
303.12
+0.35%
+6.03%
32.38
16.04
26.37 Bn