Price action in NTNX suggests buyers are defending the $60 support level. The NTNX stock price forecast sees potential upside toward $70 if Q2 metrics maintain double-digit growth rates. This growth is driven by the increasing demand for localized network infrastructure and computing power, fueled by the rise of the Internet of Things (IoT)—a network of connected devices. As more data is generated at the endpoints, the traditional network structure faces more strain. The rollout of 5G, which offers higher bandwidth and the ability to support more connected devices, is boosting IoT and driving the need for edge computing. At the same time, AI-optimized processors are providing the computing power necessary to expand the use of edge systems. The automotive industry is a great example of how edge computing and AI are driving rapid advancements. As cars increasingly adopt self-driving features, these technologies have become crucial for making real-time decisions and responses. Nutanix is a leader in hybrid multicloud computing, offering a unified software platform for running applications and AI and managing data anywhere. The company helps organizations simplify operations for both traditional and modern applications, empowering digital transformation and supporting hybrid multicloud environments for over 29,000 customers worldwide. Sector-wide bullishness in tech infrastructure stocks gives NTNX additional tailwinds. The NTNX stock price forecast captures the impact of rising demand for AI-ready cloud environments.
