How are NTAP's New Partnerships Expanding Its AI Strategy?
NetApp, Inc. NTAP is expanding its cloud and AI infrastructure ecosystem through new collaborations with Oracle, SAP and Supermicro, announced during its INSIGHT 2026 event in Las Vegas. The event, being held Sept. 29 through Oct. 1, focuses on data infrastructure, cloud integration and AI-driven workloads.
NetApp and Oracle announced a new fully managed storage service that will bring NetApp ONTAP data management capabilities natively to Oracle Cloud Infrastructure (OCI). The OCI NetApp Storage Service is designed to help enterprises migrate, operate, protect and modernize databases, enterprise applications, virtualized environments, EDA/HPC, regulated applications and AI data pipelines. Customers will be able to manage the service through the OCI Console and SDKs, ONTAP APIs and familiar workflows, helping reduce changes when moving existing ONTAP-based workloads to the cloud.
NetApp also plans to deepen its long-standing partnership with SAP by exploring integration of its capabilities into SAP Cloud Infrastructure. The collaboration is intended to support secure, resilient and high-performance storage for SAP and customer workloads across multiple regions and availability zones. The companies also plan joint go-to-market initiatives to help customers migrate, modernize and operate SAP and non-SAP workloads, while evaluating NetApp Object storage within SAP Cloud Infrastructure.
Separately, NetApp and Supermicro are collaborating on jointly validated AI infrastructure solutions spanning enterprise deployments, neoclouds, sovereign AI and large-scale AI factories. The partnership combines Supermicro’s AI-optimized compute and rack-scale systems with the NetApp Platform’s data management, cyber resilience and hybrid-cloud capabilities. The solutions are designed to reduce data bottlenecks, improve GPU utilization and simplify AI infrastructure deployment. The companies also plan to support private AI platforms through NetApp AIPod with Supermicro.
Together, these partnerships expand NetApp’s presence across cloud, enterprise and AI infrastructure while supporting customers with integrated data management and storage capabilities for demanding workloads.
Taking a Look at NTAP’s Competitors
Seagate Technology Holdings plc STX is strengthening its storage ecosystem through partnerships that support AI-driven data growth and mass-capacity storage demand. Its alliance with Acronis combines Acronis Archival Storage with Seagate’s Lyve Cloud, providing MSPs and enterprises with secure, scalable and cost-efficient S3 storage for long-term data retention, particularly in regulated industries. Seagate also retains exposure to cloud-storage growth through Wasabi Technologies after divesting Lyve Cloud to Wasabi in April 2026 and becoming a shareholder. These relationships allow STX to sharpen its focus on core mass-capacity storage while benefiting from expanding AI data creation, cloud adoption and archival-storage requirements.
Teradata Corporation TDC is gaining from rising recurring revenues, improving operating leverage, expanding agentic AI capabilities and growing demand for hybrid, sovereign and regulated AI deployments. Partnerships are extending the company’s market reach and deployment flexibility. Teradata works with AWS, Microsoft Azure and Google Cloud across major cloud environments, while its Data Analyst Agent is available through AWS Marketplace and Microsoft Marketplace. Its collaboration with Dell Technologies supports Teradata Factory, combining Dell compute and storage infrastructure with Teradata’s software for private, GPU-enabled AI workloads. TDC also integrated its Autonomous Knowledge Platform with Microsoft OneLake and joined the Agentic AI Foundation.
NTAP Price Performance, Valuation & Estimates
Shares of NetApp have gained 34.1% in the past three months against the Computer-Storage Devices industry’s decline of 13.6%.
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Regarding the price/book ratio, NTAP is trading at 27.48, higher than the industry’s multiple of 15.36.
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The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised upward over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
