Pure Storage, Inc. Class A Stock News

Artificial intelligence (AI) is arguably the most transformative technology since the internet reshaped the global economy. Amazon has developed artificial intelligence products that strengthen its market position in e-commerce, advertising, and cloud computing.

Cathie Wood bought shares of The Trade Desk, WeRide, and Pure Storage on Thursday. The Trade Desk has plummeted 66% this year, but there are signs that the worst is behind its investors.

Pure Storage, Inc. ( PSTG ) UBS Global Technology and AI Conference 2025 December 4, 2025 10:55 AM EST Company Participants Robert Lee - VP & CTO Conference Call Participants David Vogt - UBS Investment Bank, Research Division Presentation David Vogt UBS Investment Bank, Research Division Great. Good morning, everyone, and thank you again for joining the UBS Tech Conference.

Computer hardware stock Pure Storage Inc (NYSE:PSTG) is 1.5% higher to trade at $69.90 this afternoon, attempting to pare back some of its post-earnings bear gap, which sent it 27.3% lower yesterday.

Wall Street wanted more detail on Pure Storage's business serving hyperscalers like Meta.

Pure Storage exceeded revenue and earnings guidance for Q3 2026. The stock crashed 26% despite the earnings beat because it was trading at 233 times trailing earnings yesterday.

The data storage company beats revenue expectations but the stock is falling sharply.

Pure Storage is upgraded to a "Buy" after a post-Q3 dip despite strong results and accelerating AI-driven demand. PSTG delivered 16% y/y revenue growth, 17% ARR growth, and expanding gross margins, signaling robust near-term fundamentals. Investors are likely selling off the stock on management commentary that the company may be changing the economics of its sales to AI hyperscalers, likely to ...