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Pure Storage (PSTG) & NVIDIA Unite to Advance AI Solutions
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Pure Storage (PSTG - Free Report) collaborated with NVIDIA (NVDA - Free Report) to unveil new validated reference architectures tailored for generative AI applications, including an NVIDIA OVX-ready setup.
The collaboration will assist Pure Storage to equip its customers with a reliable framework to handle the intense data and computational demands essential for successful artificial intelligence (AI) implementations. The partnership aims to meet the escalating demand for AI across industries.
Pure Storage has integrated its all-flash enterprise storage with NVIDIA’s NeMo Retriever microservices and GPUs to develop a Retrieval-Augmented Generation (RAG) Pipeline for AI Inference. This enhances the precision and relevance of inference capabilities, particularly for large language models (LLMs). Also, enterprises can expedite insights from internal data without recurrent LLM retraining.
Furthermore, Pure Storage has obtained certification for NVIDIA OVX Server Storage, which offers flexible storage reference architectures for enterprise customers and channel partners. This validation complements Pure Storage's certification for NVIDIA DGX BasePOD, which was announced last year.
Pure Storage is developing vertical-specific RAG solutions in collaboration with NVIDIA to cater to diverse industry needs. The initial focus is on the financial services sector, enabling faster insights and analysis from vast datasets with greater accuracy as compared to generic LLMs. Similar solutions tailored for the healthcare and public sectors will be released.
Additionally, Pure Storage is deepening its investment in the AI partner ecosystem by forging new alliances with ISVs like Run.AI and Weights & Biases. These partnerships aim to enhance GPU utilization and streamline the model development lifecycle for machine learning teams.
Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company is rapidly gaining traction in the flash storage market, which is evident from its accelerating customer base. Customer growth has been exemplary, count surging from 300 in first-quarter fiscal 2015 to more than 10,500 in second-quarter fiscal 2023.
The company sees strong growth prospects in the data-driven markets of AI, machine learning, Internet of Things, Real-time Analytics, Log Analytics and Simulation. The company’s FlashBlade product has been gaining traction in the AI market.
At present, Pure Storage carries a Zacks Rank #3 (Hold). Shares of the company have gained 115.7% compared with the sub industry’s growth of 163.9%.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 62.1% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 39.6% in the past year.
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Pure Storage (PSTG) & NVIDIA Unite to Advance AI Solutions
Pure Storage (PSTG - Free Report) collaborated with NVIDIA (NVDA - Free Report) to unveil new validated reference architectures tailored for generative AI applications, including an NVIDIA OVX-ready setup.
The collaboration will assist Pure Storage to equip its customers with a reliable framework to handle the intense data and computational demands essential for successful artificial intelligence (AI) implementations. The partnership aims to meet the escalating demand for AI across industries.
Pure Storage has integrated its all-flash enterprise storage with NVIDIA’s NeMo Retriever microservices and GPUs to develop a Retrieval-Augmented Generation (RAG) Pipeline for AI Inference. This enhances the precision and relevance of inference capabilities, particularly for large language models (LLMs). Also, enterprises can expedite insights from internal data without recurrent LLM retraining.
Pure Storage, Inc. Price and Consensus
Pure Storage, Inc. price-consensus-chart | Pure Storage, Inc. Quote
Furthermore, Pure Storage has obtained certification for NVIDIA OVX Server Storage, which offers flexible storage reference architectures for enterprise customers and channel partners. This validation complements Pure Storage's certification for NVIDIA DGX BasePOD, which was announced last year.
Pure Storage is developing vertical-specific RAG solutions in collaboration with NVIDIA to cater to diverse industry needs. The initial focus is on the financial services sector, enabling faster insights and analysis from vast datasets with greater accuracy as compared to generic LLMs. Similar solutions tailored for the healthcare and public sectors will be released.
Additionally, Pure Storage is deepening its investment in the AI partner ecosystem by forging new alliances with ISVs like Run.AI and Weights & Biases. These partnerships aim to enhance GPU utilization and streamline the model development lifecycle for machine learning teams.
Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company is rapidly gaining traction in the flash storage market, which is evident from its accelerating customer base. Customer growth has been exemplary, count surging from 300 in first-quarter fiscal 2015 to more than 10,500 in second-quarter fiscal 2023.
The company sees strong growth prospects in the data-driven markets of AI, machine learning, Internet of Things, Real-time Analytics, Log Analytics and Simulation. The company’s FlashBlade product has been gaining traction in the AI market.
At present, Pure Storage carries a Zacks Rank #3 (Hold). Shares of the company have gained 115.7% compared with the sub industry’s growth of 163.9%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) and Perion Network (PERI - Free Report) . Both Synopsys and Perion Network sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 62.1% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 39.6% in the past year.