NetApp Stock Jumps on AI Data Demand — Is the Rally Just Starting?

NetApp’s stock has reached new highs, driven by its transition from a traditional storage vendor to a key player in AI and cloud data infrastructure. Wall Street is increasingly recognizing NetApp’s potential as an “AI and data infrastructure” cash machine, backed by re-accelerating EPS growth, genuine AI revenue drivers, and strong recurring cloud revenue. The article explores whether this rally is sustainable and what it means for investors exposed to US tech and Nasdaq-heavy ETFs.

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