314 stocks in the theme · theme 1-month +4.7% · as of 2026-07-31
Cloud & SaaS is one of the market's hottest themes right now: over the past week its median constituent rose 4.8% and 72% of its members advanced. Companies providing cloud infrastructure, platforms, or software-as-a-service applications.
Below are the 10 largest Cloud & SaaS stocks by market capitalization, led by GOOGL (Alphabet Inc. Class A Common Stock) at $4.1T. Each is shown with its 1-month, 3-month, and year-to-date performance, relative-strength rank, and recent price action — a snapshot of where the money and momentum sit in the theme today.
These are the recognizable leaders, not micro-cap lottery tickets: ranking by market cap surfaces the companies with the scale, liquidity, and institutional ownership to actually represent the theme. Use the relative-strength column to separate the names outperforming the broad market from those just along for the ride.
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming…
GOOGL (Alphabet Inc. Class A Common Stock) is a $4.1T name. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. It's roughly flat over the past month (-1.4%). An RS rank of 94 puts it among the market's leaders. Over longer windows it's -7.5% in three months and +13.0% year-to-date.
#2. GOOG — Alphabet Inc. Class C Capital Stock · $4.1T
Media & Entertainment · Digital Advertising — Search & Video · Public since 2004
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming…
GOOG (Alphabet Inc. Class C Capital Stock) carries a $4.1T valuation. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. It's roughly flat over the past month (-0.3%). Relative strength is strong at 94 — it's outpacing most of the market. Over longer windows it's -6.6% in three months and +13.1% year-to-date.
#3. MSFT — Microsoft Corp · $2.8T
Software · Enterprise Software — Information Management · Public since 1986
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office,…
MSFT (Microsoft Corp) carries a $2.8T valuation. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. The stock is up +20.9% over the past month — clear momentum. An RS rank of 39 flags relative underperformance. Over longer windows it's +14.0% in three months and -1.7% year-to-date.
#4. AMZN — Amazon.Com Inc · $2.6T
E-commerce · E-Commerce — Multi-Category Trading Platform · Public since 1997
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led…
AMZN (Amazon.Com Inc) commands a $2.6T market cap. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. The stock is up +12.4% over the past month — clear momentum. An RS rank of 71 is middling — neither leader nor laggard. Over longer windows it's +2.5% in three months and +19.9% year-to-date.
#5. AVGO — Broadcom Inc. Common Stock · $1.8T
Semiconductors · Semiconductors — Analog & Mixed-Signal · Public since 2009
Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business. It is primarily a fabless…
AVGO (Broadcom Inc. Common Stock) is a $1.8T name. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. A +5.4% one-month move shows buyers in control. An RS rank of 83 puts it among the market's leaders. Over longer windows it's -6.7% in three months and +12.0% year-to-date.
#6. CSCO — Cisco Systems, Inc. Common Stock (DE) · $463.0B
Communications Equipment · Network Infrastructure — Enterprise & Service Provider · Public since 1990
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as…
CSCO (Cisco Systems, Inc. Common Stock (DE)) carries a $463.0B valuation. Within the theme it sits in the Collaboration & Communications sub-group. It's roughly flat over the past month (-0.9%). Relative strength is strong at 93 — it's outpacing most of the market. Over longer windows it's +26.8% in three months and +52.5% year-to-date.
#7. ORCL — Oracle Corp · $422.1B
Software · Enterprise Software — Information Management · Public since 1986
Oracle provides enterprise applications and infrastructure offerings through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which…
ORCL (Oracle Corp) is a $422.1B name. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. It's down -8.9% over the past month, lagging the theme's leaders. An RS rank of 27 flags relative underperformance. Over longer windows it's -19.5% in three months and -33.6% year-to-date.
#8. PANW — Palo Alto Networks, Inc. Common Stock · $277.9B
Security Technology · Cybersecurity — Platform Solutions · Public since 2012
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the…
PANW (Palo Alto Networks, Inc. Common Stock) commands a $277.9B market cap. Within the theme it sits in the Enterprise SaaS sub-group. It's down -5.7% over the past month, lagging the theme's leaders. With RS at 94, it's outperforming the broad tape. Over longer windows it's +85.0% in three months and +85.0% year-to-date.
#9. IBM — International Business Machines Corporation · $264.3B
Software · Enterprise Software — Information Management · Public since 1949
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and…
IBM (International Business Machines Corporation) is a $264.3B name. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. It's down -21.9% over the past month, lagging the theme's leaders. An RS rank of 37 flags relative underperformance. Over longer windows it's -3.2% in three months and -23.3% year-to-date.
Seagate Technology is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
STX (Seagate Technology Holdings PLC Ordinary Shares (Ireland)) is a $218.3B name. Within the theme it sits in the Cloud Infrastructure & Platforms sub-group. A -6.5% one-month move has it out of favor for now. An RS rank of 99 puts it among the market's leaders. Over longer windows it's +27.1% in three months and +197.7% year-to-date.