We recently published a list of Top 10 Trending AI News And Stock Ratings. In this article, we are going to take a look at where Pure Storage, Inc. (NYSE:PSTG) stands against other top trending AI news and stock ratings.
OpenAI CEO Sam Altman continues to forge alliances in Asia, visiting India on February 5th to meet industry leaders and prominent founders and discuss the company’s plans for the Indian market.
Yesterday, Sam Altman was in South Korea to sign a deal with tech giant Kakao to integrate ChatGPT features into Kakao’s diverse services. OpenAI’s investments and partnerships, backed by the Stargate program, could indicate the US AI industry is racing to capture emerging markets amid the growing popularity of cheap and effective Chinese AI models like DeepSeek R1 and Alibaba’s Qwen 2.5. Altman reportedly admitted in South Korea that OpenAI “hasn’t found a strategy yet” to respond to DeepSeek.
“India is an incredible market for AI in general, for us too. It’s our second biggest market after the US. Users here have tripled in the last year. The innovation that’s happening, what people are building [in India], it’s really incredible,” Altman said. “We’re excited to do much, much more here, and I think it’s (the Indian AI program) a great plan. And India will build great models.”
Meanwhile, US stock futures retreated after Alphabet’s Q4 cloud revenue missed estimates and AMD’s disappointing data center sales forecast heightened concerns about a slump in AI momentum despite hefty R&D spending. Overall, investors remained alert for new developments in the ongoing US-China trade war.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A closeup of a computer monitor displaying a complex software interface used in data protection services.
Pure Storage, Inc. (NYSE:PSTG)
Number of Hedge Fund Holders: 31
Pure Storage, Inc. (NYSE:PSTG) offers leading data storage and management solutions to simplify data storage for businesses through its unified platform powered by automated features. The company’s products focus on all-flash storage arrays, which enable efficient storage and management of large data volumes across diverse applications, including cloud-based environments.
On February 5th, Pure Storage, Inc. (NYSE:PSTG) launched an updated Reseller Partner Program to improve the profitability opportunity for partners by enabling them to lead customers to data storage transformation. Amid the growing transition to flash from hard disk, the updated program offers partners the tools to address customers’ data storage requirements and customize the Pure Storage Platform to address solution-specific use cases, including AI and cyber resilience.
Overall, PSTG ranks 2nd on our list of top trending AI news and stock ratings. 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 cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
