Pure Storage: A Deep Dive into Its Position in the AI Memory Market
Pure Storage: A Bet on AI Memory as a Subscription
Pure Storage competes in the data center and enterprise server market against companies like Dell and Hewlett Packard Enterprise.
NetApp's subscription data storage model is more similar to Pure Storage's.
While most of its hardware finds application outside the generative AI market, the high-performance nature of its products has made Pure Storage a part of this thriving next-gen data center ecosystem.
Subscription Revenue Growth Rate:
- 2024: 26%
- 2023: 30%
- 2022: 37%
- 2021: 33%
- 2020: 43%
It's no longer cheap, but...
The reason Pure Storage stock rallied in recent months is because of the new outlook for fiscal 2025, which is now underway.
Should you invest $1,000 in Pure Storage right now?
Before you buy stock in Pure Storage, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Pure Storage wasn’t one of them.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.