#ai storage Tech News.
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The latest ai storage news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks ai storage across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
SanDisk and Western Digital shares each rose 6% on Friday, extending an AI storage melt-up into record territory. SanDisk is up 724% year to date and locked in roughly $42 billion in multi-year supply contracts. Bears cite stretched valuations and insider selling as the rally faces incoming NAND and HDD pricing data.
AI demand for hard disk drives is surging. Western Digital sold out 100% of its 2026 HDD production capacity through 2028 and 2029. Seagate's nearline exabyte capacity is locked through 2027. Both stocks have roughly doubled year to date, with analysts seeing further upside.
Jim Cramer called Backblaze a legitimate Amazon S3 rival with AI customer count up 76% year over year and cloud storage revenue growing 24%. Equipment costs rising 30% yearly and a shrinking legacy backup unit threaten margins. Cramer advised against buying now despite Backblaze raising revenue guidance to $162 million.
Everpure Inc., rebranded from Pure Storage, will showcase its AI data platform at Pure Accelerate in Las Vegas on June 17. Recent launches include a control plane for ransomware protection and the Everpure Data Stream Beta. TheCUBE will provide live coverage and interviews at the event.
Summaries by ByteBrief