NetApp Acquires DataPelago to Embed AI-Ready Data at the Infrastructure Layer
NTAP sits 69% above its 52-week low of $93.69 on light trading volume (0.2× avg).
Summary
NetApp is acquiring DataPelago, a company that makes data AI-ready at the infrastructure layer, to strengthen its AI data management capabilities and address enterprise demand for AI-integrated storage. DataPelago will operate as a wholly owned subsidiary of NetApp. No financial terms were disclosed. The acquisition signals a strategic push into AI infrastructure, following a strong FY26 where NetApp posted record results and authorized a $1B buyback. The move could enhance NetApp's competitive position against rivals also building AI data pipelines.
At the time of this announcement, NTAP was trading at $158.39 on NASDAQ in the Technology sector, with a market capitalization of approximately $31B. The 52-week trading range was $93.69 to $192.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.