I am doing some research and think Pure Storage should be taking huge benefit from the AI boom. Pure Storage is the absolute leader of the modern data center storage system provider. Jensen Hwang yesterday said a lot of companies are pouring money to build modernized data centers. But interestingly I think Pure Storage stock is not appreciated that much. Also their revenue is not growing rapidly. We will see more in the earnings next week. Why is it not pumping like SMCI? Their earning guidance is only projecting about 12 percent growth this year. Any ideas from Pure Storage will be highly appreciated, I want to understand.
Pure storage is a clear Sell. Trading at more than for earnings.
This aged well 😂
@SAP do some DCF valuation. Right price is $31. Overvalued by 41%
Yes please pump it
Do you know why it’s not benefiting from AI?
It is benefiting from AI but not on the level of Nvidia :)
I would be interested in knowing why OP thinks, based upon their research, Pure should greatly benefit directly from AI.
To the moon 🚀
Maybe because cloud providers like GCP would rather build their own storage solutions rather than paying the PSTG premium ....
Thanks OP! 🥳🙏
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