Goldman Sachs Initiates Buy on NetApp, Cuts HP Rating to Sell
DATA AND AI INFRASTRUCTURE
Goldman Sachs has initiated a Buy rating for NetApp and Dell Technologies while downgrading Hewlett Packard to Sell, citing anticipated strong demand for AI infrastructure, particularly in GPU-as-a-service. The firm warns of potential margin pressures from rising DRAM and NAND costs and predicts weaker PC demand in 2026, though it remains optimistic about revenue growth in server and storage sectors due to data center modernization.
Jan 14, 2026, 4:02 PM
