"Advanced Micro Devices Inc. will buy $150 million in Nutanix Inc. stock as part of a new partnership that also includes joint engineering and sales efforts. The chipmaker will additionally give Nutanix up to $100 million to fund the joint initiatives, which are meant to develop and sell an infrastructure platform for powering AI applications."
"San Jose, California-based Nutanix sells software that helps companies manage their information technology infrastructure, including data center servers and systems in the cloud. It has existing partnerships with major semiconductor makers such as AMD, Intel Corp. and Nvidia Corp. to offer software on servers alongside chips."
"Like many software peers, Nutanix had seen a sharp selloff of its shares in recent months. The market anxiety is fueled by the idea that incumbent software makers could be disrupted by AI's easier development of competitive tools."
AMD will purchase $150 million in Nutanix stock and contribute up to $100 million to fund joint initiatives between the two companies. The partnership focuses on developing and selling an infrastructure platform designed to power AI applications. Nutanix, a San Jose-based software company, manages IT infrastructure including data center servers and cloud systems. The company has existing partnerships with major semiconductor makers including Intel and Nvidia. Nutanix shares surged over 20% following the announcement, while AMD's stock remained relatively unchanged. This partnership comes as Nutanix faces market pressure from concerns about AI disrupting traditional software companies. AMD recently announced similar major partnerships with Meta and OpenAI for AI chip supply.
#amd-and-nutanix-partnership #ai-infrastructure-platform #strategic-investment #software-and-semiconductor-collaboration
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]