Nutanix (NTNX) Edges Higher After AMD AI Equity Deal

Nutanix Inc (NASDAQ:NTNX) shares are trading higher Thursday morning after the company paired mixed fiscal second-quarter results with a new artificial-intelligence partnership and equity investment from Advanced Micro Devices Inc (NASDAQ:AMD).

Here’s what investors need to know.

• Nutanix shares are powering higher. What’s fueling NTNX momentum?

Revenue Beats Expectations

Nutanix reported revenue of about $723 million, topping Wall Street forecasts, while adjusted earnings of 36 cents per share came in below consensus.

Management also warned that server supply constraints are stretching lead times and could temporarily pressure near-term revenue and free cash flow.

AMD Invests $150 Million In Nutanix

AMD has agreed to purchase $150 million of Nutanix common stock at $36.26 per share. The chipmaker also plans to provide as much as $100 million more to fund joint engineering work and go-to-market efforts around the new AI offerings, with the stock purchase expected to close in the second quarter of 2026, subject to regulatory approvals.

Equity Investment Underscores Enterprise AI Push

Under the multi-year pact, the companies will co-develop an open, full-stack "agentic AI" infrastructure platform built on AMD EPYC CPUs, Instinct GPUs and ROCm and Enterprise AI software, tightly integrated with the Nutanix Cloud and Kubernetes platforms.

The first jointly engineered platform is slated to reach the market beginning in late 2026, targeting enterprise and service-provider customers that want scalable, production-ready AI infrastructure across data center, hybrid and edge environments.

Guidance Trimmed As Supply Constraints Persist

Despite Thursday's surge, Nutanix tempered expectations, forecasting third-quarter revenue of $680 million to $690 million, below analyst estimates, and trimming its fiscal 2026 revenue outlook.

Executives said demand remains healthy but acknowledged that longer server lead times are likely to delay some sales.

Trading Below Key Moving Averages

Nutanix shares have traded between a high of $83.07 and a low of $36.86 over the past year, peaking in late spring before trending steadily lower into early 2026.

The stock is currently trading well below its 20-, 50-, and 200-day moving averages, signaling sustained downside momentum.

NTNX Shares Edge Higher Thursday

NTNX Price Action: Nutanix shares were up 0.21% at $38.52 at the time of publication on Thursday, according to Benzinga Pro data.

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