Pure Storage shares are trading lower after Meta announced two 24k GPU clusters, which analysts said is being seen as negative for Pure Storage.
Portfolio Pulse from Benzinga Newsdesk
Pure Storage shares are trading lower following Meta's announcement of two 24k GPU clusters, perceived negatively by analysts for Pure Storage.
March 12, 2024 | 7:01 pm
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NEGATIVE IMPACT
Pure Storage shares are trading lower due to Meta's announcement of two 24k GPU clusters, which is seen as a negative development for the company by analysts.
The announcement by Meta of two 24k GPU clusters is interpreted by analysts as a competitive threat or a loss of potential business for Pure Storage, leading to a negative sentiment among investors and a decrease in Pure Storage's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90