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Nutanix (NTNX) Edges Higher After AMD AI Equity Deal
Benzinga· 2026-02-26 16:39
Group 1 - Nutanix shares are experiencing upward momentum following mixed fiscal second-quarter results and a new partnership with AMD [1] - The company reported revenue of approximately $723 million, exceeding Wall Street expectations, while adjusted earnings of 36 cents per share fell short of consensus [2] - AMD has made a $150 million equity investment in Nutanix, highlighting a collaborative effort to develop an AI infrastructure platform [3] Group 2 - The first jointly engineered AI platform is expected to launch in late 2026, aimed at enterprise and service-provider customers [4] - Nutanix has lowered its third-quarter revenue forecast to between $680 million and $690 million, which is below analyst estimates, and has also reduced its fiscal 2026 revenue outlook due to server supply constraints [5] - The company's stock has been trading below key moving averages, indicating a sustained downside momentum [6] Group 3 - As of Thursday, Nutanix shares were up 0.21% at $38.52 [7]