Pure Storage (PSTG) saw a 33.05% jump in stock price thanks to strong earnings and a partnership with Meta Platforms Inc. Revenues soared, leading to a new 52-week high of $80.68. Net income rose 32% to $47 million, with revenues hitting $861 million.

The outlook for Pure Storage, Inc. (PSTG) remains strong, with a raised full-year revenue growth forecast to $3.6 billion to $3.63 billion. This represents a 13.5% to 14.5% increase year-on-year. Third-quarter revenues are expected to reach $950 million to $960 million.

Pure Storage, Inc. (PSTG) CFO Tarek Robbiati highlighted the company’s progress with Meta and mentioned growing interest from other hyperscalers. While PSTG shows promise, other AI stocks may offer higher returns. Explore potential investments with our free report on the best short-term AI stock.

Read more at Yahoo Finance: Pure Storage (PSTG) Soars 33% on Strong Revenues from Meta