Shares of Nutanix Inc. were soaring 10% Wednesday after Alphabet Inc. said it had formed a partnership with the software company, according to CNBC. Nutanix pioneered a technology for businesses called hyperconvergence, which consolidates storage and servers. The first move under the partnership will be to move applications from physical data centers to Google Cloud, CNBC reported. Shares of Alphabet were down less than 1% Wednesday. Nutanix shares have gained 8% month-to-date, compared to the S&P 500’s gain of 1%.
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