TLDR
- AMD is buying $150 million of Nutanix (NTNX) stock at $36.26 per share.
- AMD will also invest $100 million toward joint engineering and go-to-market efforts.
- The two companies will build an open, full-stack AI infrastructure platform for agentic AI applications.
- NTNX surged over 20% in premarket before settling to a 3.38% gain on the day.
- Analysts say the deal boosts Nutanix’s AI relevance and raises its M&A profile.
Nutanix (NTNX) stock jumped on Thursday after the company announced a major partnership with Advanced Micro Devices (AMD). The deal involves both equity investment and joint engineering funding totaling $250 million.
Hello, enterprise AI. 👋 Today, we’re announcing a new strategic partnership with @Nutanix, focused on accelerating an open, full-stack AI infrastructure platform designed to power Agentic AI applications everywhere. https://t.co/CgzitHWtE3 pic.twitter.com/Gd71pSZOOj
— AMD (@AMD) February 25, 2026
AMD agreed to purchase $150 million worth of NTNX stock at $36.26 per share. That’s a fixed-price buy, not a market transaction, making it a direct vote of confidence from the chipmaker.
On top of that, AMD will put up $100 million to fund joint engineering work and go-to-market collaboration. The goal is to build what both companies describe as an “open, full-stack AI infrastructure platform” built for agentic AI applications.
NTNX initially surged more than 20% in premarket trading Thursday. By the regular session open, that gain had cooled to around 3.8%, and it closed up 3.38%.
Trading volume was notably heavy. More than 5.4 million shares changed hands, compared to a three-month daily average of about 4.32 million.
Despite the pop, NTNX is still down 22.52% year-to-date and has dropped 49.78% over the past 12 months. Thursday’s move didn’t erase those losses, but it gave investors something to work with.
Nutanix also reported Q4 earnings after the close on Wednesday, beating both profit and revenue expectations. That gave the AMD news a solid foundation to build on.
What Analysts Are Saying
KeyBanc analyst Brandon Nispel maintained an Overweight rating on NTNX with a $65 price target. He said he “would be buying Nutanix as AMD investment likely sparks renewed enthusiasm” and flagged the company’s .NEXT conference in April as a potential catalyst.
RBC Capital Markets analyst Matthew Hedberg said the AMD partnership “likely increases Nutanix’s AI relevance” and raises the company’s profile from an M&A perspective. He did note that supply-chain constraints are driving longer lead times for some customers.
AMD’s Busy Week
This deal didn’t come out of nowhere. AMD had just announced a long-term deal with Meta Platforms earlier in the week, which sent AMD stock up 9% on Tuesday. That Meta agreement included a warrant grant giving Meta as much as a 10% stake in AMD.
AMD stock fell about 2% on Thursday, giving back some of those gains.
Nutanix President and CCO Tarkan Maner said the partnership reflects “a shared vision for scalable, production-ready AI infrastructure,” with a focus on inference and agentic applications across hybrid environments.
Separately, Avalon GloboCare (ALBT) also rallied sharply Thursday after being accepted into the AMD AI Developer Program, showing broader market interest in AMD-linked partnerships.
As of Thursday’s close, NTNX was trading up 3.38%, with the $65 KeyBanc price target still representing substantial upside from current levels.
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