US Tech Stocks Surge by 2 Trillion Won in a Day as AI Data Management Theme Ignites

Everpure Inc. (NYSE: P) jumped 5.46% on the New York Stock Exchange on the 29th, closing at $72.94. This surge added roughly $1.4 billion to its market capitalization in a single day, bringing its total value to about $24.2 billion. Trading volume topped 1.07 million shares.

At its annual “Accelerate 2026” conference in mid-June, Everpure unveiled a new data intelligence platform that enables unified exploration of structured and unstructured data while automating governance—officially marking its transition from a pure storage vendor to a comprehensive data management platform provider. Two months earlier, the company had warned customers of phased product price increases after semiconductor component costs spiked three- to ninefold since mid-2025, but drew notice by emphasizing in an open letter that it would not profiteer from the crisis.

Headquartered in Santa Clara, California, Everpure is a flash storage and data management firm that was known as Pure Storage until earlier this year. After rebranding to Everpure in February, it changed its NYSE ticker symbol from PSTG to the single letter “P” in April, underscoring its ambition to become a leading data infrastructure player in the AI era.