2 Stocks Capitalizing on the AI Boom: Ciena and NetApp Riding the Cloud Computing Wave

The artificial intelligence (AI) revolution is surging forward in 2024, and legacy technologies like cloud computing are benefiting from this surge. Two companies, Ciena and NetApp, are well-positioned to capitalize on this growing demand. Ciena, known for its optical fiber and networking solutions, is crucial for building out the internet infrastructure required for AI’s rapid data transfer needs. NetApp, a hybrid cloud and data infrastructure provider, is helping businesses manage and access their data securely across various environments. Both companies are experiencing strong growth, with Ciena seeing significant demand from cloud providers and NetApp winning numerous contracts for AI and data lake modernization.

NetApp Boosts VMware Cloud Foundation Deployments with New Capabilities

NetApp introduces new capabilities to enhance VMware Cloud Foundation deployments, offering mutual customers optimized IT environments for scaling VMware workloads. These enhancements, including integration with NetApp BlueXP and ONTAP software, aim to simplify hybrid cloud environments and provide cost-effective solutions for cloud migration. NetApp’s continued collaboration with Broadcom post-acquisition of VMware ensures seamless integration and maximizes the value of VMware environments for mutual customers.

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