NetApp acquires DataPelago to make data AI-ready
The acquisition embeds GPU-accelerated intelligence at the storage layer, enabling zero-copy activation for AI and analytics.
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Intelligent data infrastructure company
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In short: NetApp achieved record fiscal year 2026 results driven by AI demand and expanded its infrastructure portfolio through the acquisition of DataPelago.
The acquisition embeds GPU-accelerated intelligence at the storage layer, enabling zero-copy activation for AI and analytics.
The update delivers up to 12TB/s throughput and a global federated namespace to scale AI data pipelines.
The new FlexPod AI Mini provides cost-effective, secure infrastructure for AI inference and RAG workloads, simplifying AI deployment.
Net revenues rose 12% YoY to $1.95B; operating income and cash flow also reached records.
Wall Street Zen cut NetApp from a "strong-buy" rating to a "buy" rating in a report on Wednesday.
Lombard Odier Asset Management Switzerland SA bought a new position in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) in the first quarter, according to...
NetApp is expected to announce its first-quarter earnings soon, and Wall Street forecasts a double-digit increase in its bottom line.
Terms of the deal weren't disclosedNetApp, which also works with data infrastructure, said Thursday the deal will expand its portfolio and enable data processing. DataPelago...
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