$Backblaze(BLZE.US) surged 40%, with solid catalysts—it signed a five-year, approximately $335 million multi-EB storage contract with CoreWeave, directly linking it to the robust demand line of AI computing power expansion.
This small-cap cloud storage stock usually gets little attention, but a long-term contract with high visibility can make the market reassess its ARR growth rate. The gain is indeed backed by fundamentals, but the $335 million spread over five years means the revenue recognition pace still depends on the coming quarters.
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