14 AI Stocks Making Waves on Wall Street

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12. Pure Storage, Inc. (NYSE:PSTG)

Number of Hedge Fund Holders: 31

Pure Storage, Inc. (NYSE:PSTG) offers data storage solutions, including hardware and cloud-native services, for managing and processing various data workloads globally.

Pure Storage (NYSE:PSTG) has expanded its strategic partnership with Micron Technology to improve data storage solutions for hyperscalers. It integrates Micron’s G9 QLC NAND technology into Pure Storage’s DirectFlash Module products and aims to offer high-capacity, energy-efficient solutions with improved performance and low latency.

The partnership spans a decade and addresses key challenges in data centers such as energy efficiency, storage density, and performance. The joint solution provides benefits like reduced energy consumption, lower operational costs, and scalable systems, offering significant advantages over traditional hard drive-based storage.

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