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Publication Date: 2026-02-26 18:07:00
TLDR
- AMD is buying $150 million of Nutanix (NTNX) stock at $36.26 per share.
- AMD will also invest $100 million toward joint engineering and go-to-market efforts.
- The two companies will build an open, full-stack AI infrastructure platform for agentic AI applications.
- NTNX surged over 20% in premarket before settling to a 3.38% gain on the day.
- Analysts say the deal boosts Nutanix’s AI relevance and raises its M&A profile.
Nutanix (NTNX) stock jumped on Thursday after the company announced a major partnership with Advanced Micro Devices (AMD). The deal involves both equity investment and joint engineering funding totaling $250 million.
AMD agreed to purchase $150 million worth of NTNX stock at $36.26 per share. That’s a fixed-price buy, not a market transaction, making it a direct vote of confidence from the chipmaker.
On top of that, AMD will put up $100 million to fund joint engineering work and go-to-market collaboration. The goal is to build what both companies describe as an “open, full-stack AI infrastructure platform” built for agentic AI applications.
Nutanix, Inc., NTNX
NTNX initially surged more than 20% in premarket trading Thursday. By the regular session open, that gain had cooled to around 3.8%, and it closed up 3.38%.
Trading volume was notably heavy. More than 5.4 million shares changed hands, compared to a three-month daily average of about 4.32 million.
Despite the pop, NTNX is still down 22.52% year-to-date and has dropped 49.78% over the…
