U.S. stocks abnormal movement: American Net Storage surged on October 2 due to AI architecture, partnership with Super Micro, and target price upgrade

US NetApp October 2 Surge Interpretation

Keywords: AI architecture, Supermicro cooperation, target price raised

1. On October 1, the company released the Novus storage architecture at INSIGHT 2026, aiming at large-scale artificial intelligence factories and GPU clusters, with maximum performance reaching 100TB per second, and upgraded the AI Data Engine to integrate different storage systems and cloud data.

2. On September 30, the company announced a strategic cooperation with Supermicro to launch a jointly validated artificial intelligence infrastructure solution; on the same day, the company also announced plans to cooperate with Oracle to offer native OCI ONTAP managed storage services, scheduled to go fully live within 12 months.

3. On October 2, Loop Capital raised the company's target price from $215 to $260, maintaining a “Buy” rating.

4. On September 2, the company announced fiscal 2027 Q1 revenue of $2.025 billion, up 29.9% year-on-year; adjusted earnings per share of $2.58, up 66.5% year-on-year; total billing of $2.057 billion, up 36.1% year-on-year; and all-flash array revenue up 46.6% year-on-year to $1.309 billion.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)