AI Boom Fuels Cloud Infrastructure Demands, Benefiting Pure Storage, Nutanix, and Snowflake
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Generative AI is creating enormous data storage and compute demands, benefiting "picks and shovels" vendors like Pure Storage, Nutanix, and Snowflake.
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Pure Storage offers optimized storage solutions as AI requires ingesting vast amounts of training data. It stands to gain market share.
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Nutanix provides hyperconverged infrastructure that enables efficiency and scale for AI workloads. Its new "GPT-in-a-Box" leverages generative AI interest.
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Snowflake provides the databases and data management capabilities needed to develop robust AI applications. It is positioned to be a major "toll taker" in the AI world.
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All 3 companies are profitable, cash generative, and likely to see accelerated growth from enterprises' AI investments over the next few years. The author sees them strongly outperforming forecasts.