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Publication Date: 2026-02-26 13:21:00
By Brody Ford, Bloomberg
Advanced Micro Devices Inc. will buy $150 million in Nutanix Inc. stock as part of a new partnership that also includes joint engineering and sales efforts.
The chipmaker will additionally give Nutanix up to $100 million to fund the joint initiatives, which are meant to develop and sell an infrastructure platform for powering AI applications, according to a person who asked not to be identified because the plans are private. Neither company provided comment.
Shares of Nutanix jumped more than 20% in late trading, while AMD’s stock was little changed.
San Jose, California-based Nutanix sells software that helps companies manage their information technology infrastructure, including data center servers and systems in the cloud. It has existing partnerships with major semiconductor makers such as AMD, Intel Corp. and Nvidia Corp. to offer software on servers alongside chips.
Like many software peers, Nutanix had seen a sharp selloff of its shares in recent months. The market anxiety is fueled by the idea that incumbent software makers could be disrupted by AI’s easier development of competitive tools.
Earlier this week, AMD struck a major partnership with Meta Platforms Inc. to supply the social media company with a massive amount of AI chips. The deal follows a similar agreement with OpenAI in October.
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