AMD to Buy $150 Million of Nutanix Stock in New Partnership
AMD is buying $150 million in Nutanix shares as part of a new partnership.
Photographer: David Paul Morris/BloombergAdvanced 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, according to a person who asked not to be identified because the plans are private. Neither company provided comment.