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Pure Storage stock soars more than 30% to record as Meta deal bolsters results, outlook

1. Pure Storage stock surged over 30% after strong quarterly results. 2. Wall Street is optimistic about Pure's deal with Meta for storage solutions. 3. Pure's revenue guidance increased significantly due to Meta's deployments. 4. Pure aims to deploy up to 2 exabytes for Meta, boosting their partnership. 5. The collaboration highlights the growing demand for AI-driven storage solutions.

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FAQ

Why Bullish?

Pure's partnership with Meta signals strong growth prospects. Similar partnerships have historically led to positive price movements for collaborating firms.

How important is it?

The significance of the relationship with a major tech player like Meta suggests a positive outlook for both companies, making it essential for investors.

Why Long Term?

The partnership's effect will incrementally strengthen over time as AI data demands escalate, similar to past tech collaborations that resulted in sustained growth.

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