Latest news with #PureStorageInc
San Francisco Chronicle
28-05-2025
- Business
- San Francisco Chronicle
Pure Storage: Fiscal Q1 Earnings Snapshot
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Pure Storage Inc. (PSTG) on Wednesday reported a loss of $14 million in its fiscal first quarter. The Santa Clara, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 29 cents per share. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. The data storage company posted revenue of $778.5 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $771.2 million. For the current quarter ending in July, Pure Storage said it expects revenue in the range of $845 million. The company expects full-year revenue of $3.51 billion. _____
Yahoo
15-03-2025
- Business
- Yahoo
Pure Storage (PSTG) Launches FlashBlade//EXA for AI & HPC Workloads
We recently published a list of . In this article, we are going to take a look at where Pure Storage Inc (NYSE:PSTG) stands against other AI news Investors should not miss this week. Artificial Intelligence (AI) is known to increase productivity, decrease human error, and expedite the development of human resources. The market is being inundated with new AI capabilities to solve pressing business issues, such as employee expectations. By comprehending the unique needs, desires, and preferences of each employee, AI-powered solutions assist in creating individualized employee experiences that promote engagement. Likewise, automation of the labor market has inched a notch higher as China takes the fight to the US on game-changing artificial intelligence innovations. That's evident with the launch of Manus, the world's first AI agent, which operates autonomously without human intervention. Just weeks after China threatened US AI dominance by launching cost-effective AI models through DeepSeek, it moved to avert the need for human intervention on AI agents. Manus is the new AI sensation that promises to coordinate the work of specialized assistants in the race to automate recruitment and website development tasks. In addition to managing the work of numerous expert assistants, it can execute complex, multi-step activities. It works in the background, finishing all tasks on its own and only releasing data when the outcomes are ready. Additionally, Manus stands out for its ability to act independently and without guidance, unlike conventional chatbots like ChatGPT, Gemini, or Grok, which wait for commands. Manus heralds a new era of automation driven by AI, in which machines would help people and assume leadership and decision-making responsibilities. HR, tech development, logistics, and customer service are just a few of the areas that this change might greatly impact. While it may result in more efficiency, it may also raise issues with unemployment and the morality of AI autonomy. The global artificial intelligence in the human resource market was valued at $7.01 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 15.94%. Due to AI integration in the various HR processes, the market is expected to reach $30.77 billion by 2034, according to a study by Precedence Research. The development of sophisticated AI solutions like Manus to assist businesses and companies in effectively managing personnel acquisition, employee engagement, and retention should accelerate growth. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A closeup of a computer monitor displaying a complex software interface used in data protection services. Number of Hedge Fund Holders: 30 Pure Storage Inc (NYSE:PSTG) is a technology company that develops and provides all-flash data storage products and solutions for data centers. It also accelerates and simplifies AI deployments by offering a platform that maximizes performance and streamlines AI workflows. On March 11, the IT pioneer unveiled FlashBlade//EXA, a high-performance data storage platform designed for the most demanding requirements of AI and High-Performance Computing (HPC). While leveraging artificial intelligence capabilities, FlashBlade//EXA should deliver more than 10 terabytes per second read performance, making it highly suitable for large-scale AI and HPC workloads. As AI model sizes grow exponentially, the infrastructure supporting them must also change in tandem. Therefore, the timing is ideal for meeting market expectations. Customers who have previously invested in NVIDIA's AI stack should find it easier to integrate Pure's integration with NVIDIA networking components, resulting in a unified ecosystem approach. 'Data is the fuel for enterprise AI factories, directly impacting performance and reliability of AI applications. With NVIDIA networking, the FlashBlade//EXA platform enables organizations to leverage the full potential of AI technologies while maintaining data security, scalability, and performance for model training, fine tuning, and the latest agentic AI and reasoning inference requirements,' said Rob Davis, Vice President, Storage Networking Technology, NVIDIA. Overall, PSTG ranks 8th on our list of AI news Investors should not miss this week. While we acknowledge the potential of PSTG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PSTG but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
