Top 9 Trending AI News Updates Investors Should Not Miss

3. NetApp Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 38

NetApp Inc. (NASDAQ:NTAP) is a data infrastructure company that offers unified data storage and management services, focusing on hybrid cloud environments and cloud integration. The company’s NetApp AI suite enables the management of large and diverse datasets, which is critical for efficiently handling AI workloads for better computing performance and training AI models across various environments.

On February 10th, Susquehanna downgraded NetApp Inc. (NASDAQ:NTAP) to “Neutral” from “Positive” and reduced its stock price target to $130 from $155. The brokerage sees heightened downside risk to consensus estimates, particularly in the July and October quarters, as it doesn’t see enterprise AI helping with incremental demand until 2026. The brokerage believes NetApp Inc. (NASDAQ:NTAP) has increased market share but it is now reflected in the stock’s valuation.