AI Storage Expectations Surge... US Tech Stocks Gain 6 Trillion Won in One Day

NetApp Inc. (NASDAQ: NTAP) closed trading at $160.28, up 12.44% on the Nasdaq, boosting its market capitalization by about $4.49 billion (roughly KRW 6 trillion) in a single session. Trading volume jumped to around 4.59 million shares as buyers positioned themselves ahead of the company’s earnings announcement.

NetApp is set to release its fiscal 2026 fourth-quarter and full-year results after today’s market close. Investors are keenly watching how demand for all-flash storage targeting AI workloads, hybrid cloud solutions and AI data infrastructure has translated into revenue and profits. The company has guided Q4 revenue of $1.79 billion to $1.95 billion and non-GAAP EPS of $2.21 to $2.31; Wall Street consensus is for EPS of $2.27 on approximately $1.9 billion in sales.

A provider of enterprise storage, data management and cloud data services, NetApp reported $1.71 billion in revenue in the prior quarter, marking about 4% year-over-year growth. The company credits strength in AI-related storage demand for its improving performance. Headquartered in San Jose, California, NetApp has been expanding its footprint in data centers and AI infrastructure with its all-flash array and cloud-integrated storage product suites.