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AI play Pure Storage soars 22% after touting it won a contract with an unnamed big tech company

By CNBC   |   1 year ago
AI play Pure Storage soars 22% after touting it won a contract with an unnamed big tech company

Pure Storage, a technology company in Mountain View, California, saw a 22% increase in shares after securing a contract with a major AI hyperscaler. The company surpassed Wall Street estimates and raised its yearly outlook, attracting positive attention from analysts and investors.

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