TheStreet went one-on-one with Nutanix (NTNX) CEO Dheeraj Pandey to discuss the astronomical rise of cloud stocks.
Nutanix shares are almost 45% so far this year and the company only debuted as a public company back in 2016. The S&P 500 is up 1.32% year-to-date.
"I think [investors] are saying we are here to make small cap companies into mid cap companies and mid cap companies into large cap companies," he told TheStreet. "Remember, Amazon (AMZN) was a mid cap company 10 years ago - so I think [investors] are saying we're here to fuel your growth - go disrupt."
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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