Nutanix slips as Google Cloud reportedly tests devices for private data centers

Shares of cloud computing software company Nutanix (NTNX) are slipping in afternoon trading after The Information reported that Google Cloud (GOOG) is testing devices for private data centers. WHAT'S NEW: Google Cloud is building custom-designed computers for "a handful" of large customers to run in private data centers, The Information reported, citing two people with knowledge of the project. The devices are the latest indication of Google's increasing focus on cloud products that run under the direct control of corporate customers, the report added. The Information noted that it is not certain whether Google will take the extra step and sell such devices to a broader range of customers, though doing so would signal a shift in the company's cloud strategy for attracting Fortune 500 customers. PRICE ACTION: In afternoon trading, Nutanix shares are down 7.6% to $48.51. Nutanix offers cloud software and hyperconverged infrastructure solutions. Reference Link