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Publication Date: 2026-02-26 15:49:00
New York, Feb 26, 2026, 10:32 EST — Regular session
- AMD shares fell as investors weighed fresh partnership news after a strong move earlier in the week
- AMD said it will invest $150 million in Nutanix and fund up to $100 million for joint work
- Traders are watching AI-chip demand signals after Nvidia’s results and outlook
Advanced Micro Devices shares were down 2.6% at $205.31 in late morning trading, after ending Wednesday at $210.86. (Yahoo Finance)
The stock has turned jumpy again because AMD is trying to lock in long-dated demand for its data-center chips at a moment when investors are arguing over how long Big Tech’s spending spree can last.
Late Wednesday, AMD said it signed a multi-year partnership with Nutanix to build an “open, full-stack” enterprise AI platform and that it plans to invest $150 million in Nutanix shares, with up to $100 million more for joint engineering and go-to-market work. “Enterprise customers need the freedom to run the models and workloads that matter most to their business, without compromise,” Dan McNamara, a senior vice president at AMD, said. (Advanced Micro Devices, Inc.)
The Nutanix announcement followed AMD’s disclosure on Tuesday of a five-year agreement to sell up to $60 billion of artificial intelligence chips to Meta Platforms, a deal that lets the Facebook owner buy as much as 10% of AMD. “Meta is locking in supply, diversifying away from a single vendor, and doing whatever it…