"Our goal is to provide customer choice. Nvidia has been the market leader and AMD is the other big platform company. We see a lot of that happening now. People do not necessarily see Broadcom as a long-term partner."
"AMD will acquire $150 million worth of Nutanix stock and also fund up to $100 million of joint engineering work and go-to-market efforts for a new full-stack AI infrastructure platform that will use Nutanix's stack to allow agentic and inferencing applications to run in the many on-prem, cloudy, and edge environments it supports."
"Nutanix revealed its new ties to AMD after first announcing its Q2 results, which saw revenue grow ten percent year-over-year to reach $723 million. The company has long preferred to use annual recurring revenue as its top-line indicator, to demonstrate the strength of its subscription business, and that grew 16 percent to $2.36 billion."
AMD has invested $150 million in Nutanix stock and committed up to $100 million toward joint engineering and go-to-market initiatives for a new full-stack AI infrastructure platform. This platform will enable agentic and inferencing applications to run across on-premises, cloud, and edge environments. Previously supporting only Nvidia GPUs, Nutanix will now support AMD accelerators, providing customers with hardware choice. Nutanix reported Q2 revenue growth of 10% year-over-year to $723 million, with annual recurring revenue increasing 16% to $2.36 billion. The company signed 1,000 new customers in the quarter, primarily from VMware migrations. Nutanix CEO Rajiv Ramaswami emphasized that agentic AI adoption remains in early enterprise stages but expects acceleration through optimized infrastructure support.
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