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  "documentTitle": "Pure Storage, Inc. (PSTG)",
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      "text": "The notion that HDDs cannot ensure full GPU utilization is a scare tactic used by the pro-flash camp to appeal to the GPU-obsessed market.",
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      "text": "Implied Cost Premium to HDDs: 4.9x",
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      "text": "Flash production economics will likely inhibit widespread flash adoption. Over the past ten years, flash production has been 9x more capital intensive than HDD manufacturing...",
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      "text": "Worsening access density is not limiting HDD usage, even for AI-related applications. According to the pro-flash camp, because HDD IOPS... are constrained by the standard platter speed of 7,200 RPM...",
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      "text": "As a corollary to the access density argument, there is a tendency to frame the flash versus HDD debate purely through the lens of AI... The notion that HDDs cannot ensure full GPU utilization is a scare tactic...",
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      "text": "Source: Solidigm, Kerrisdale analysis",
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