Quick Note: Just a quick update on earnings, Pure Storage (PSTG) shares are up big on accelerating AI growth. Pure’s strategy to consolidate data storage (using a single operating and management environment) solves the two big non-AI legacy problems…
existing data storage arrays were selected to provide just enough performance for their primary function, leaving little performance left for AI access, and
existing storage arrays are not networked, limiting access to AI apps not provisioned directly on their primary compute stack.
Also per CEO:
Looking forward to FY '25, a I have high confidence of returning to double-digit revenue growth, given our platform strategy, our growing product portfolio, our cloud operating model, and strong customer demand for our Evergreen and Fort Works subscription offerings.
We continue to be long shares of Pure Storage in our Blue Harbinger Disciplined Growth Portfolio and believe it has continuing strong upside potential thanks to the ongoing digital revolution and explosive expansion in AI data.