Nutanix is trading 4.3% up at $59.29 as software stocks gain momentum from a broader investor rotation back into tech and AI themes.

  • The move aligns with a sector-wide rally, with the iShares Expanded Tech-Software Sector ETF (IGV) climbing over 3%.
  • Gains are driven by improved risk sentiment and anticipation of strong upcoming tech earnings rather than company-specific catalysts.