NetApp Inc (NTAP) has disclosed a new risk, in the Innovation / R&D category.
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NetApp Inc. faces potential pitfalls as it increasingly integrates AI, including GenAI, across its product line and operations. The intricate nature of AI development could lead to legal or regulatory challenges, particularly as global jurisdictions contemplate new AI-specific regulations. Moreover, any deficiencies in AI applications may not only invite legal scrutiny but could also tarnish NetApp’s reputation and hinder business growth if adoption slows due to regulatory hurdles or market skepticism. Hence, the company’s commitment to responsible AI development is critical in mitigating these multifaceted risks.
The average NTAP stock price target is $122.79, implying -2.14% downside potential.
To learn more about NetApp Inc’s risk factors, click here.