• In February 2026, AMD and Nutanix announced a multi-year partnership to build an open, full-stack AI infrastructure platform for agentic AI, alongside AMD’s planned US$150,000,000 equity investment in Nutanix at US$36.26 per share and up to US$100,000,000 in joint engineering and go-to-market funding.
• The deal effectively ties Nutanix’s hybrid cloud software to AMD’s EPYC CPUs, Instinct GPUs, and ROCm ecosystem, positioning the two companies to offer enterprises an alternative to vertically integrated AI stacks across data center, hybrid, and edge environments.
• Against this backdrop, we’ll explore how AMD’s US$250,000,000 combined equity and development commitment could reshape Nutanix’s AI-focused investment narrative.

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Nutanix Investment Narrative Recap

To own Nutanix, you have to believe its hybrid multicloud platform can stay central to how enterprises run applications across private and public clouds, while turning growing AI interest into broader software adoption. In the near term, the key catalyst is whether Nutanix can convert strong bookings and AI curiosity into recognizable revenue, and the biggest risk remains timing delays and competitive pressure as more workloads move to hyperscale public clouds. The AMD deal looks material mainly for AI positioning, not near term fundamentals.

The most immediately relevant data point alongside the AMD partnership is Nutanix’s latest guidance: Q3 FY2026 revenue of US$680 million to US$690 million and full year FY2026 revenue of US$2.80 billion to US$2.84 billion. That outlook frames how quickly, or slowly, any AI related benefit might show up in the reported numbers, and how investors balance the new AI narrative against existing concerns about revenue timing and margin progression.

But while the AI story is compelling, investors should also be aware that OEM supply constraints and delayed deployments could...

Nutanix's narrative projects $3.9 billion revenue and $513.0 million earnings by 2028. This requires 15.3% yearly revenue growth and about a $324.6 million earnings increase from $188.4 million today.

Uncover how Nutanix's forecasts yield a $63.07 fair value, a 57% upside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts were already assuming revenue could reach about US$4.3 billion and earnings about US$658 million by 2029, so this new AMD partnership may either reinforce that AI driven view or expose how much depends on smoother OEM execution and VMware migration wins than the consensus narrative currently implies.

Explore 7 other fair value estimates on Nutanix - why the stock might be worth over 2x more than the current price!

Form Your Own Verdict

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Nutanix research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Nutanix research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nutanix's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.