AI Infrastructure Beneficiaries Lose 1.4 Trillion in a Day

Everpure, Inc. (NYSE: P), a U.S. data storage company, saw its share price fall 5% on June 10 on the New York Stock Exchange, closing at $66.50. On that day, its market capitalization declined by about $1 billion (roughly KRW 1.4 trillion), bringing it to $22.1 billion (approximately KRW 29 trillion), with trading volume around 1.85 million shares.

Over the past week, debates have emerged over whether to add to positions after a 34% rally over the past year, while downward revisions to earnings forecasts and reports of insider sales totaling roughly $900,000 (around KRW 1.2 billion) have dampened investor sentiment.

Although its quarterly results released at the end of May showed mid-30% revenue growth and earnings per share that beat consensus, management’s warning that semiconductor and memory component prices could multiply several-fold after 2025 has intensified concerns about margin pressure.

Formerly known as Pure Storage—renowned for its all-flash storage solutions—Everpure changed its name in February 2026, announcing a strategic shift from a data storage hardware provider to an AI-era data management platform company. In April, the firm also updated its NYSE ticker from PSTG to P, positioning itself as a beneficiary of AI infrastructure investment with its FlashArray and FlashBlade products and subscription-based storage services.