Amazon, Alphabet, and Microsoft Are Great Buys -- But So Is This Growth Stock

The three companies are among the largest providers of cloud services in the world, and their second-quarter results suggest businesses are still investing heavily in digital technologies. DigitalOcean (NYSE: DOCN) serves small to mid-sized businesses, and its second-quarter results (reported on Aug. 8) revealed a growing customer base that is also spending an increasing amount of money. Cloud services continue to expand in value and in scope.