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NetApp stock jumps 45% in 2026 on strong AI infrastructure growth and improved guidance

Analyst Insights
02 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

NetApp (NTAP) shares have surged about 45% in 2026, driven by a market shift favoring AI infrastructure and a tripling of the company's growth rates. The company's strong recurring business is benefiting as enterprises increasingly build and deploy AI applications using NetApp solutions. Recent fiscal year 2027 guidance highlights an improved growth trajectory, supporting a higher valuation multiple. This positions NetApp as a differentiated, attractive entry point into AI infrastructure compared to high-multiple chip stocks.

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