Pure Storage (PSTG), known for its all-flash storage solutions, has shown notable growth this year. Thank AI in part, but also due to its successful subscription-based data center storage model.

Despite a slight revenue miss for fiscal year 2024, the company's subscription-based revenues and higher profit margins signal strong future potential in the years ahead. Nick and Kasey’s discussion also covers Pure Storage's role in AI and data centers, its competitive edge, and how its subscriptions smoothe out revenue peaks and valleys. Is PureStorage stock still a top buy for 2024 and beyond?

Make sure you subscribe for more great content. Later this week, we will discuss cybersecurity company Zscaler (ZS), and we will also have an industry manual on wafer fabrication and chip packaging equipment stocks.

Vids to watch: Our first video about PureStorage June 2023:    • AMD's OK AI Event, Apple Takes On Nvi...  
Our last video on PureStorage and the data center memory server market:    • Warren Buffett’s Bad Tech Stock (HPQ,...  
Our 2024 top chip stocks video from December 2023:    • Chip Stock Investor's Top Chip Stocks...  

Chapters:
00:00 Deep Dive into Pure Storage: Past and Present
01:29 Understanding Pure Storage's Role in the Semiconductor Industry
02:39 The Three Main Components of a Computing System
03:41 Exploring Micron's Role and NAND Flash Technology
05:59 The Subscription Model of Pure Storage
07:15 AI and Pure Storage's Competitive Advantage
09:51 Comparing Pure Storage with Competitors
11:38 Financial Performance and Future Outlook of Pure Storage
14:53 Valuation and Investment Perspective on Pure Storage

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Nick and Kasey own shares of PureStorage.