In the summer of 1998, financial markets experienced a dramatic crisis that led to a significant drop in stock prices.

This period of turmoil, however, set the stage for an incredible rally, with the Nasdaq surging nearly 5X over the next 18 months. The Federal Reserve’s rate cuts were pivotal during this time, and today, we are seeing a similar opportunity with AI poised to be the next major economic shift.

AI is shaping up to be as transformative as the internet was in the late ’90s. Major tech players like Microsoft and Google are heavily investing in AI, creating a prime environment for substantial gains in AI-related stocks.

One key player in this sector is Pure Storage (NYSE: PSTG), a leader in high-performance data storage. I first added Pure Storage to the SPI-Club Model Portfolio on September 3, 2021, when its shares were priced at $21.32. Since then, the stock has performed exceptionally well, climbing to $60.92—an impressive gain of 285% over the past 3½ years.

Pure Storage’s innovative solutions are critical for AI and data centers, which is a sector poised for massive growth. The company’s shift to a subscription-based model has significantly boosted recurring revenue, and their technology supports high-profile clients like NASA and Roblox.

Given the accelerating demand for AI and data storage, Pure Storage’s stock is set for further significant gains. With a projected increase of 300% by 2027, now is an excellent time to invest or add to your holding.

Action to Take: Buy Pure Storage (NYSE: PSTG).

Best regards

Stu

Stuart Langan

SPI-Club Founder & Editor

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Disclaimer: SPI-Club provides information and guidance but does not offer investment advice. Please conduct your research and consult with financial professionals before making any investment decisions.