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Publication Date: 2026-02-26 15:50:00
Nutanix (NTNX) stock rallied on Thursday after the enterprise cloud platform company announced a partnership with chipmaker Advanced Micro Devices (AMD). This agreement will have the two companies collaborate to create “an open, full-stack AI infrastructure platform designed to power agentic AI applications.”
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Nutanix also announced that as part of its agreement with AMD, the latter has decided to make an investment in NTNX stock. AMD will purchase $150 million in NTNX stock at a purchase price of $36.26 per share. In addition to this, AMD will invest $100 million to support Nutanix’s joint engineering initiatives and the go-to-market collaboration that will accelerate the development of the open, full-stack AI infrastructure platform.
Tarkan Maner, President and Chief Commercial Officer of Nutanix, said, “Our partnership with AMD reflects a shared vision for scalable, production-ready AI infrastructure. Together, we are delivering full-stack, integrated platforms optimized for inference and agentic applications across hybrid environments for enterprises and service providers.”
Nutanix Stock Movement Today
Nutanix stock was up 3.38% on Thursday, but is still down 22.52% year-to-date. The shares have also fallen 49.78% over the past 12 months.
Today’s news resulted in heavy trading of NTNX stock, as more than 5.4 million shares changed hands. For comparison, the company’s three-month daily average trading volume is…
