9 AI News Updates Investors Should Not Miss

2. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 41

NetApp, Inc. (NASDAQ:NTAP) is a technology company that offers a range of enterprise software, systems, and services that customers use to transform their data infrastructures. It also provides data management infrastructure necessary for AI applications, enabling organizations to effectively manage the entire lifecycle of AI data. On March 4, Loop Capital Markets reiterated a Buy rating on the stock but cut the price target to $130 from $150.

The bullish stance comes against the backdrop of NetApp, Inc. (NASDAQ:NTAP) delivering solid third-quarter results for fiscal 2025. Revenues in the quarter increased 2% year-over-year to $1.64 billion, benefiting from robust demand for the company’s all-flash storage solutions. The better-than-expected results came as NetApp emerged as a key supplier of choice for AI and other data-driven workloads. Furthermore, NetApp has achieved more than 100 victories in data lake modernization and AI infrastructure, demonstrating the high demand for workloads driven by AI.