Advanced Micro Devices, Inc. (NASDAQ:AMD) is included among the 14 Best GARP Stocks to Buy According to Analysts.
On February 25, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Nutanix announced a multi-year strategic partnership to develop an open, full-stack AI infrastructure platform. The platform is designed to support agentic AI applications across a wide range of environments. The agreement reflects both companies’ focus on building an open AI ecosystem. Their goal is to give customers flexible and easy-to-deploy solutions that are ready for production. These systems are designed to deliver high performance and efficiency for agentic AI workloads at the edge, within enterprises, and across cloud environments.
As part of the partnership, AMD will invest $150 million in Nutanix common stock. The shares will be purchased at $36.26 per share. AMD also committed up to $100 million to support joint engineering efforts and go-to-market initiatives. These efforts are intended to speed up the adoption of the combined AMD and Nutanix agentic AI platform.
The equity investment is expected to close in the second quarter of 2026. It remains subject to regulatory approvals and standard closing conditions. Dan McNamara, senior vice president and general manager of Compute and Enterprise AI at AMD, made the following comment:
“Enterprise customers need the freedom to run the models and workloads that matter most to their business, without compromise. Through our partnership with Nutanix we’re building a scalable, full-stack AI platform rooted in openness, designed to give enterprises and service providers the flexibility to innovate, extend and grow AI deployments across Enterprises.”
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, graphics, and visualization technologies. The company operates through its Data Center, Client and Gaming, and Embedded segments.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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