Nutanix, Inc. (NTNX) shares trend higher this morning on the cloud service provider's upbeat guidance on revenue growth and profitability. Nutanix CEO Rajiv Ramaswami sits down with Yahoo Finance from the Nasdaq MarketSite to discuss the provider's multi-cloud hybrid business model and its views on artificial intelligence. AI is "going to be a long-term trend," Ramaswami says. "There's a lot of buzz right now about AI... being trained in the public cloud. At the end of the day, just like with everything else, people are going to have to realize good ROI [and] TCO benefits with AI." Ramaswami also comments on the cloud company's partnership with Cisco (CSCO). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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SAN JOSE, Calif., September 14, 2023--Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that Micron Technology, an industry leader in innovative memory and storage solutions, selected Nutanix to build a cloud platform for Micron’s manufacturing facilities globally. The Nutanix Cloud Platform will enable Micron to optimize its infrastructure resources, efficiently operationalize new cloud-ready applications, dramatically reduce costs, and pivot quickly as new opport