Pure Storage Shares Drop Amid AI Investor Shift

Pure Storages shares plummeted over six percent following a broader market shift away from AI-focused stocks. Oracles missed revenue expectations and Broadcoms profit margin concerns, coupled with Pure Storages volatile history, may not significantly alter the long-term outlook for the company, which has still seen a fourteen percent increase this year and a three thousand three hundred percent return over five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.