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NetApp Inc. (NASDAQ:NTAP) is one of the 10 Stocks With Explosive Returns.

NetApp climbed to a fresh all-time high on Friday, as investors took heart from its strong earnings performance in the fourth quarter of fiscal year 2026, supported by the rapidly growing AI.

In intra-day trading, the stock surged to its highest price of $192.83 before paring gains to finish the day just up by 22.39 percent at $174.29 apiece.

Photo by Tima Miroshnichenko on Pexels

In a statement, NetApp Inc. (NASDAQ:NTAP) said that it was able to grow its net income by 19 percent to $404 million from $340 million in the same period last year, while net revenues increased by 12.47 percent to $1.948 billion from $1.732 billion year-on-year.

For the full fiscal year, net income grew by 8 percent to $1.276 billion from $1.186 billion, while net revenues inched up by 5 percent to $6.925 billion from $6.572 billion year-on-year.

“Fiscal year 2026 was a landmark year for NetApp with record results across revenue, gross profit, operating income, cash flow from operations, and free cash flow. Our industry-leading hybrid cloud, intelligent data infrastructure platform, trusted by the world’s leading organizations, is powering customers’ AI-driven transformations, delivering secure, high-performance access to data wherever it resides,” NetApp Inc. (NASDAQ:NTAP) CEO George Kurian said.

“We achieved our target operating margin while launching next-generation AI solutions and expanding strategic partnerships. As enterprises scale their AI ambitions, NetApp’s unified data platform and flexible offerings position us for sustained growth,” he noted.

While we acknowledge the risk and potential of NTAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NTAP and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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