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5 Reasons Why Nutanix Stock Is Soaring

From new focus on hyperscale public cloud provides like AWS to transition from hardware to software and services, here are five reasons why Nutanix stock is spiking today.

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Hyperconverged Market Is Now Driven By Software

Founded in 2009, Nutanix was critical to jumpstarting the hyperconverged infrastructure (HCI) market years ago. However, Nutanix CEO Dheeraj Pandey said HCI is now being driven by operating system (OS) innovation compared to infrastructure innovation.

“It was a battle that we had to win over the last three, four years and I think the dust has finally settled that it's really an operating system play,” said Pandey.

On the competition front, the CEO said competitive pressure used to come from converged infrastructure players and large incumbents in the space of storage and networking’s such as Cisco and Dell.

“Now, it just happens to be two of us -- VMware and us -- and we are talking about how do we navigate this multi-cloud environment over the next five years and we think they have different approaches,” said Pandey. “I think hyperconvergence as a magic quadrant is really driven by software now as opposed to hardware.”

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