The Future of AI Data Center Storage? PureStorage (PSTG) After the 40% Crash Looks Tempting Again

PureStorage (PSTG stock) was one of Chip Stock Investor's top picks of 2024. Shares are up significantly on the year, but are also down 40% from all-time highs. Where does PSTG stock rank for Nick and Kasey now? Is the AI data center boom still coming for PureStorage? This and more in this important investing update.

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Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.

Chapters:
00:00 Pure Storage Overview
02:20 Understanding Enterprise Storage
03:34 Competitors and Market Position
04:05 All-Flash Storage Technology
07:58 Business Model and Software Integration
10:29 Challenges and Market Dynamics
15:10 Valuation and Investment Perspective
18:34 Conclusion and Final Thoughts

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Nick and Kasey own shares of PureStorage


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[hafeld]

Subscribing to this pair is the best value on Wall Street.

[ashitpatel]

It is a good stock. I would call it "utility" stock in an AI cloud environment, which increases as data volume grows in storage space, like Visa stock money flow.

[Powdermonkey]

above $59 buy point @ the break of the down trend

[fivedeadlyvenoms]

Thanks for the PSTG update Nick and Kasey! Always appreciated. But I noticed that you've got a guitar in the background, and was wondering "who is the musician" in the family? Is it a Bob Dylan situation? Or a Joan Jett one? I'm thinking like those old MTV Unplugged videos, Kasey singing and Nick playing (or maybe like a White Stripes vibe). Or Paul and Linda McCartney? I bet Nick's voice cracks on the high notes, so maybe scratch the whole thing! But we love y'all anyways! Rock on!

[goldengoat]

Vrt differs from Pure, but how exactly? Thank you both for the awesome content!

[tamasberki]

130 price to earnings, 25 p/FCF for 10% gowth for the next few years with that average 4.7 share dilution though. Not very impressive for the valuation, no wonder why it came down.

[MitchellAltschuler]

How competitive is chip memory for data centers for example Dell and NetApp seem to compete in this area among others ?

[XanderDDS]

hi Nick and Kasey, could you please do a new video on STM (STMicroelectronics), i read somewhere they were contracted with Starlink, i'm wondering where that stands here in 2024. cheers!

[jhdvqelufjcvuasvjd]

Nick and Kasey, I was removed from the discord. Could you please help me figure this out?

[swhitaker]

How does it compare to Seagate Technology?

[shannonoliver]

Superb analysis! This looks like an ancillary power management and energy efficiency play, n'est pas? I'm still up on this position. I took a nibble when you initially recommended it. Great call, Kasey! I'm in it only for the colors. Let's go!!!! 🧡🧡🧡🧡🧡🧡