iShares Future Cloud 5G and Tech ETF

Oppenheimer initiated coverage on Pure Storage with an Outperform rating, citing its strong position in all-flash arrays and AI data storage. The analyst projects the company's revenue to grow at a 12.2% CAGR, driven by its focus on storage-as-a-service and a partnership with CoreWeave.

Related tickers: PSTG, SKYY, IDAT.

The telecom services market is expected to grow at a CAGR of 4.81% from 2024 to 2033, reaching USD 2.81 trillion by 2033. The growth is driven by the rising deployment of cellular IoT modules in smart city infrastructure and building industrialization, as well as the demand for high-speed internet and growing mobile data usage.

Related tickers: IDAT, HMMR.