Welcome to our dedicated page for NetApp news (Ticker: $NTAP), a resource for investors and traders seeking the latest updates and insights on NetApp stock.
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NetApp (NASDAQ: NTAP) has launched the new AFF A-Series all-flash storage systems, targeting demanding IT workloads including AI, VMware, and enterprise databases. These systems promise up to 2x better performance, 99.9999% data availability, and advanced ransomware protection. Alongside, NetApp introduced six new StorageGRID models designed to enhance value and reduce costs for large, unstructured data. NetApp also unveiled new cyber vault architecture, SnapMirror Active Sync for uninterrupted data center operations, and BlueXP Classification for enhanced data intelligence. These innovations align with NetApp's strategy to offer unified data storage solutions that integrate with major cloud providers.
NetApp (NASDAQ: NTAP) and Lenovo announced the NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a converged infrastructure optimized for generative AI. This solution aims to simplify, accelerate, and reduce the cost of AI deployment for enterprises. It integrates NetApp's storage systems, Lenovo's reliable ThinkSystem SR675 V3 servers, and NVIDIA's AI Enterprise software, enabling AI RAG and inferencing operations. Key features include support for NVIDIA NIM inference microservices, hybrid cloud data management, and seamless integration into AI ecosystems. The product will be available by summer 2024.
NetApp sponsored research by leading market research firm reveals that organizations need an intelligent data infrastructure to scale AI initiatives responsibly. The IDC White Paper highlights challenges and benefits at different AI maturity levels and emphasizes the importance of an infrastructure that supports various data types and access methods. AI Masters optimize their data infrastructure for transformational AI initiatives, while AI Emergents face challenges like budget constraints and insufficient data. Data infrastructure flexibility and effective data governance are important for AI initiative success. Organizations need to prioritize security, data governance, and resource efficiency to scale AI responsibly.
NetApp announced Dallas Olson as the new Chief Commercial Officer, bringing over 25 years of experience to drive business growth in key areas like AI and Keystone through specialist teams. Olson will oversee sales strategy, enhance market presence, optimize sales models, foster partnerships, and champion customer-centric approaches to maintain NetApp's position as a market leader. His track record in guiding organizations through market shifts and driving triple-digit growth makes him a valuable addition to the company.
NetApp will announce financial results for the fourth quarter and fiscal year 2024 on May 30, 2024. The executive management will host a conference call to discuss the results and market dynamics. Live webcast details are available at investors.netapp.com.
Future targeted release dates for FY 2025 results are also provided.
