NetApp (NTAP) has recently been recognized as a top growth stock for long-term investment. Legal & General Group Plc and Maverick Capital Ltd have increased their shares in the company, and Ameriprise Financial Inc. holds a substantial stock position in the company. NetApp's
partnership with NVIDIA has unveiled an advanced Gen-AI data vision, aimed at accelerating block storage workloads with high-performance systems. These collaborations further enhance the appeal of NetApp's ongoing growth story. More recently, NetApp has reported triumphant Q1 earnings and revenues. On the AI front, NetApp has collaborated with both F5 and Aruba, facilitating the acceleration and streamlining of large language model AI deployments and empowering the future of AI with intelligent data infrastructure. The company is thus enjoying attention from investors and analysts alike, leveraging its robust financial performance, integrative partnerships, and AI-industry focus. Yet, some
insider selling activity has occurred from CEO George Kurian and other executives. In terms of upcoming developments, NetApp has scheduled an investor day and technology sessions at the forthcoming 2024 Insight Conference in Las Vegas, Nevada.
Netapp NTAP News Analytics from Mon, 18 Mar 2024 07:00:00 GMT to Sun, 29 Sep 2024 09:47:35 GMT -
Rating 8
- Innovation 4
- Information 9
- Rumor -3
