AMD and Nutanix Wednesday said they have signed a multi-year strategic partnership aimed at developing what they called an open, full-stack AI infrastructure platform specifically for agentic AI applications. As part of the agreement, AMD will purchase $150 million in Nutanix common stock at $36.26 per share. AMD will also fund up to $100 million for Nutanix to help with joint engineering initiatives and go-to-market collaboration. The move comes as Nutanix evolves into what it calls a platform company. Nutanix CEO Rajiv Ramaswami in August told CRN his company wanted to become a “de facto platform” that would let customers run applications and manage data regardless of where it resides.

Full report : AMD plans to buy $150 million in Nutanix stock and provide up to $100 million to fund joint initiatives to develop an infrastructure platform for powering AI applications.