AI Storage Stocks Surge Over 2 Trillion Won in One Day

Everpure, Inc. (NYSE: P) saw its shares surge 6.75% to $76.25 on the New York Stock Exchange, lifting its market capitalization to about $25.1 billion (roughly KRW 34 trillion). In a single day, its market value grew by approximately $1.8 billion (around KRW 2.4 trillion), and the stock has already climbed more than 60% over the past 52 weeks.

On April 17, Everpure changed its NYSE ticker symbol from PSTG to P. After reporting a “blockbuster” quarter—driven by AI-related demand that exceeded market expectations—and issuing strong guidance, its share price jumped over 9% in just one week.

Against the backdrop of a global semiconductor shortage that has pushed component costs up by more than threefold, the company announced further product price increases. At the same time, the CEO’s open letter pledging “we will not profiteer from this crisis” made headlines, as he vowed to sacrifice some margin to limit the burden on customers.

Founded in 2009, Everpure is an all-flash data storage specialist that rebranded from Pure Storage in February. Headquartered in Santa Clara, California, it provides storage hardware, software, and data management services to enterprise clients worldwide and is included in the S&P 400 index.