2024-02-27 06:00:00 ET
Microsoft 's (NASDAQ: MSFT) stock rallied nearly 1,000% over the past 10 years and minted a lot of millionaires. That history rally was driven by the aggressive expansion of its Azure cloud infrastructure platform, the transformation of its desktop software into cloud-based services and mobile apps, and a rapid rollout of new AI services.
Microsoft could still have plenty of room to run, but it's already the world's most valuable company and probably won't soar another 1,000% over the next decade. Therefore, investors looking for bigger gains should check out smaller tech stocks with more upside potential like DigitalOcean (NYSE: DOCN) , a provider of cloud infrastructure services for smaller companies.
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For further details see:
Missed Out on Microsoft? This Tiny Cloud Stock Could Deliver Even Bigger Gains.