I just started a new position today.
Haven’t seen anyone giving this one much attention besides a random tweet that put it on my radar the other day.
Company is
$P (Everpure).
I see this business being a HUGE beneficiary of the AI infrastructure buildout, and specifically memory optimization.
Everpure recently rebranded from Pure Storage which was founded in 2009 by John “Coz” Colgrove.
The game they play is memory efficiency, making standard memory drives used in data centers store up to 5x more data while using 50-80% less power. 🤯
A few things about the company:
• Unlike rivals who buy off-the-shelf SSDs, Everpure builds proprietary DirectFlash Modules (DFMs). By removing the "middleman" controller found in standard drives, their software speaks directly to raw memory, drastically reducing latency and increasing lifespan.
• Their Purity OS leads the industry in deduplication and compression. They can make 1TB of physical flash act like 5TB of usable space, allowing customers to expand capacity without buying new chips.
• Everpure provides higher throughput in a smaller physical footprint. This prevents "GPU Starvation," ensuring that expensive
$NVDA chips are always fed data at maximum speed.
• Their "Evergreen" model is a unique subscription-based approach that allows customers to upgrade hardware components (controllers/flash) while the system is running. This ensures zero downtime for customers.
• They offer Software Defined Storage which allows them to license their "intelligence" (Purity OS) to run on any hyperscaler's custom-built hardware. This high-margin licensing model scales faster than physical hardware sales.
$META has already signed on as a huge customer for this. 👀
• They don't own massive factories or data centers (CapEx light). Instead, they focus more on R&D that improves their products.
• Their systems use 50% to 80% less power than legacy storage. In an era where power grids are at capacity, this efficiency allows any GPU-as-a-Service provider to add more chips without needing to find more energy for storage.
• The company maintains a pristine balance sheet with zero debt and over $1.5 billion in cash.
• Their storage solutions are extremely reliable (99.999%) and they carry a Net Promoter Score (NPS) consistently above 80. Their customer loyalty is nearly five times higher than the industry average, creating a high-trust environment for mission-critical AI training.
In a world where memory AND energy are the bottleneck, memory storage optimization will become critical.
I’m honestly surprised this stock hasn’t pumped even more with recent gains we’ve seen in companies like
$MU and
$SNDK.
The only real bear case I could find for this stock is that a chunk of their business requires them to buy memory drives themselves which are currently experiencing price spikes.
This would normally eat into Everpure’s margins, but they’ve been increasing their own prices to compensate. Fortunately, this hasn’t seemed to affect customer demand.
Very bullish on this name now that I’ve come across it.
I sold 100 shares of
$RKLB and rotated most of the money into this new position.
Still only 1.5% of my portfolio for now.
Please do your own research on this name and don’t consider this post financial advice!