Charles Giancarlo, Pure Storage CEO, appeared on CNBC’s ‘Closing Bell Overtime’ on Aug. 27, 2025. Pure Storage shares surged over 30% on Thursday, hitting a record close after exceeding quarterly estimates and raising yearly guidance. The company’s deal with Meta has Wall Street excited, as it aims to meet storage needs for AI efficiently. The company reported 13% revenue growth in the second quarter, exceeding analyst estimates and raising revenue guidance for the year. CEO Giancarlo highlighted the success of Pure’s rollout with Meta and future prospects with hyperscalers. The company’s focus on energy efficiency and space optimization continues to drive growth, with a market cap of $26 billion.

Read more at CNBC: Pure Storage stock soars to record Meta deal bolsters results, outlook