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NetApp rises 22.4% as AI spending boom drives blowout guidance
- NetApp shares surged 22.4% to close at $174.29 on Friday after reporting first-quarter financial results that beat Wall Street estimates.
- The data storage company issued strong forward guidance on an AI spending boom, breaking a 26-year-old record for the stock.
- Trading volume reached 15.90 million shares, representing 5.5 times its 20-day average of 2.90 million shares.
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Conclusion
NTAP rose from $142.40 to $174.29 (+22.39%) on 2026-05-29. Today's volume was 15,902,415 vs. a 20-day average of 2,902,842 (5.48x).