• In late June 2026, Nutanix, Inc. was removed as a constituent from several major Russell growth benchmarks, including the Russell 1000 Growth, Russell 3000 Growth, and related small-cap and mid-cap growth indexes.
• This broad index removal can alter how index-tracking and passive funds hold the stock, potentially shifting Nutanix’s shareholder base and trading patterns.
• Now we’ll explore how Nutanix’s removal from multiple Russell growth benchmarks may influence its existing investment narrative and risk profile.

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Nutanix Investment Narrative Recap

To own Nutanix today, you have to believe in its role as a core enabler of hybrid and multi cloud infrastructure and AI workloads, supported by recurring software revenue and large enterprise relationships. Its removal from several Russell growth indexes may affect short term trading and ownership mix but does not directly change the core business drivers. The bigger near term watchpoints remain competitive pressure in hyper converged infrastructure and Nutanix’s ability to keep operating expenses in check.

Against this backdrop, Nutanix’s multi year AI alliance with AMD, including a US$150.0 million equity investment and up to US$100.0 million in joint initiatives, looks especially relevant. While index removal could influence who owns the stock, the AMD partnership is more tightly linked to key catalysts such as AI driven infrastructure spending and higher value software mix, both of which sit at the heart of Nutanix’s current investment story.

Yet, in contrast, investors should also be aware that concentrated exposure to large OEM partners and big enterprise customers could...

Nutanix's narrative projects $3.9 billion revenue and $605.2 million earnings by 2029. This requires 12.5% yearly revenue growth and about a $329.3 million earnings increase from $275.9 million today.

Uncover how Nutanix's forecasts yield a $57.01 fair value, a 3% upside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts were expecting revenue to reach about US$4.3 billion and earnings of roughly US$658 million, which is a much more upbeat story than the consensus view that already flags risks around delayed revenue recognition and OEM dependence, and these index removals could prompt you to rethink which of those narratives still feels realistic.

Explore 4 other fair value estimates on Nutanix - why the stock might be worth as much as 53% more than the current price!

Form Your Own Verdict

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Nutanix research is our analysis highlighting 3 key rewards and 3 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.