Shares of Nutanix (NASDAQ: NTNX) were plunging today, down as much as 11.6% in early trading, before recovering to a 5% loss as of 10:08 a.m. ET.
Nutanix's stock had performed well compared with the overall tech sector in recent weeks, as speculation swirled that the company was in buyout talks with HP Enterprise (NYSE: HPE) . However, this morning, that same speculation pointed to talks ending and HPE walking away from any deal, dashing investors' hopes for a quick payday.
Nutanix is a leader in hyperconverged infrastructure, or software that allows workers to code seamlessly across multiple clouds and with software development tools such as Kubernetes.
For further details see:
Why Nutanix Was Plunging Today