03:30 PM EDT, 03/12/2024 (MT Newswires) -- Pure Storage ( PSTG ) and Smart Global Holdings ( SGH ) were downplayed in a recent Meta Platforms ( META ) announcement detailing the makeup of two new artificial intelligence clusters, Wedbush said Tuesday in a report.

Meta seems to be shifting to internal designs and away from third-party solutions that were incorporated in its original research supercomputer, Wedbush said.

Meta will be relying on hardware from Nvidia ( NVDA ) to build AI clusters that may support larger and more complex AI models than the research supercomputer, Wedbush said.

Pure Storage ( PSTG ) shares dropped 3.5% in recent Tuesday trading. Smart Global ( SGH ) rose 0.5%, and Nvidia ( NVDA ) jumped 5.5%. Meta rose 3.1%.

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