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Nutanix stock rises as AMD’s AI investment deepens its partnership
The shares were up about 6.8% at 4:00 p.m. Eastern, with the 52-week range cited as $34.01 to $82.42 and a stated price target of $71.14.
Nutanix shares gained on the idea that the rally has more to it than quarterly results, with MarketBeat Ratings pointing to Advanced Micro Devices’ deeper push into the company as a key driver.
The outlet said AMD’s involvement is not limited to chip integration, noting that AMD bought equity in Nutanix and committed to joint development and go-to-market efforts. It described Nutanix as a software platform that helps run applications and manage data across datacenters, hyperscale, and edge environments, centered on the Nutanix Cloud Platform control layer.
MarketBeat Ratings also framed the relationship as a way for AMD to sell end-to-end inference systems, with AMD providing the hardware and Nutanix supplying the control system to deploy and run AI models and inference across customer networks. It said Nutanix benefits by expanding its user base and broadening the addressable market for its software.
Looking ahead, the report cited adoption catalysts tied to AMD’s MI450 line and Helios rack-scale solutions, with deployments starting this quarter and expected to accelerate over subsequent quarters, alongside expectations that inference will represent the larger market than model training.