NetApp partners with NVIDIA to enhance generative AI systems, driving revenue growth.

From Nasdaq: 2024-09-27 09:47:00

NetApp, Inc. (NTAP) partners with NVIDIA (NVDA) to advance generative AI, enhancing enterprise retrieval augmented generation (RAG) for agentic AI systems. NTAP’s ONTAP unified storage system, coupled with NVIDIA’s AI software, enables companies to leverage data for AI applications like customer service and financial tasks.
NTAP strengthens partnerships, expanding collaboration with Amazon Web Services for accelerated generative AI initiatives. Continued demand for NTAP’s all-flash arrays drives revenue growth, with the All-Flash Array Business reaching $3.4 billion in net revenue run rate in Q1 fiscal 2025, up 21% YoY. NTAP boasts a Zacks Rank #1 and stock growth of 63.2% in the past year.
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Read more at Nasdaq: NetApp Unveils Advanced Gen-AI Data Vision With NVIDIA Integration