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This Cloud Stock Looks Set for a Rebound

TheMotleyFool

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This Cloud Stock Looks Set for a Rebound

Nutanix (NASDAQ: NTNX) investors probably want to forget the first half of 2020 as quickly as possible. The cloud-based hyper-convergence specialist was facing growth challenges even before the novel coronavirus pandemic struck thanks to a shift in its business model.

Investors didn't think twice before hitting the sell button toward the end of February when the company revealed that COVID-19 could add another headwind and slow its business down.