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Publication Date: 2026-02-25 22:34:00
Shares of Nutanix Inc. and Everpure Inc., formerly Pure Storage Inc., both rose in late trading today as the companies whose products are often bought together impressed investors with earnings beats in their respective quarters.
Nutanix’s shares, up about 15%, may have been buoyed as well by a new enterprise artificial intelligence deal with Advanced Micro Devices Inc.
For its fiscal second quarter that ended on Jan. 31, Nutanix reported adjusted earnings per share of 56 cents per share and revenue of $722.8 million, the latter up 10% year-over-year. Both figures were ahead of the 44 cents per share and revenue of $710.35 million expected by analysts. The strong figures were thanks to customer growth, with Nutanix reporting annual recurring revenue sitting at $2.36 billion as of the end of January, up 16% year-over-year.
The big story of the day, however, was Nutanix’s new deal with AMD.
The multiyear strategic partnership with see both companies jointly develop an open, full-stack AI infrastructure platform designed to power agentic AI applications. The agreement also aligns both companies to an open ecosystem for AI that they say will offer customers choice and easy-to-deploy, production-ready, high-performance solutions that are optimized for agentic AI at the edge, inside enterprises and across the cloud.
As part of the partnership, AMD will invest and fund up to $250 million worth of Nutanix shares and research and development and go-to-market for…
