Tech Stocks Rally Followed by 6% Plunge: Warning Signals from AI Storage Leader

Pure Storage Inc. (NASDAQ: PSTG) closed at $70.57 on the New York Stock Exchange on the 13th, down 6.42%. In a single day, the company lost approximately $1.4 billion in market capitalization—equivalent to about 1.9 trillion Korean won. Trading volume topped 2.54 million shares, exceeding the recent average.

The company recently unveiled its next-generation flash storage portfolios, FlashArray and FlashBlade, aiming to capture demand for high-performance and AI workloads. It emphasized the platforms’ optimization for GPU-based AI analytics and real-time data processing, driving efforts to expand its enterprise and cloud customer base. (https://investor.purestorage.com/news-and-events/press-releases/press-release-details/2025/PURE-STORAGE-UNVEILS-NEXT-GENERATION-STORAGE-PRODUCTS-TO-DELIVER-PERFORMANCE-AT-ANY-SCALE/default.aspx?utm_source=openai)

This year, Pure Storage has been regarded as a leading beneficiary in the artificial intelligence infrastructure space, with its stock price surging on strong cloud and AI investment sentiment. Riding the industry shift toward flash-based storage, along with subscription-based storage services and a focus on energy efficiency, the company is rapidly encroaching on traditional hard-disk–based storage providers.