NetApp CEO says business is in ‘growth mode’ as stock has record close

May 30, 2026 - 00:15

NetApp CEO George Kurian told Fox Business that his company is firmly in a "growth mode," following a record closing price for the stock. In an interview on "The Claman Countdown," Kurian explained how the broader enterprise push into artificial intelligence is reshaping demand for the company's data infrastructure.

Kurian noted that the conversation around A.I. has shifted from experimental projects to large-scale, real-world deployments. He said enterprises are now focused on building the underlying data pipelines and storage systems needed to run A.I. workloads efficiently. This shift, he argued, plays directly into NetApp's strengths as a provider of hybrid cloud data services.

"We are seeing a significant increase in customer activity," Kurian said. "Companies are not just talking about A.I. anymore. They are actively buying the infrastructure to support it." He added that the demand is not limited to a single industry, with interest coming from financial services, healthcare, and manufacturing.

The CEO also highlighted that NetApp's ability to manage data across on-premise systems and multiple public clouds gives it a unique position in the market. He said the company is investing heavily in new product development to capture what he described as a "once-in-a-generation opportunity."

The stock's record close reflects growing investor confidence that NetApp can capitalize on the A.I. boom, even as competition in the data storage sector remains intense.