Reasons Behind Nutanix Stock Plummeting Nearly 18% Today
Stock Performance: Nutanix's stock fell nearly 18% following a disappointing quarterly earnings report, despite a 13% year-over-year revenue growth to $670.6 million and an 18% increase in net income.
Earnings Report Details: The company's revenue fell short of analyst expectations, while its non-GAAP profitability met consensus estimates. Annual recurring revenue rose to just under $2.3 billion.
Future Guidance: Nutanix's guidance for the second quarter and the fiscal year was below analyst projections, expecting revenue of $705 million to $715 million for Q2 and $2.82 billion to $2.86 billion for the fiscal year.
Market Reaction: The market's negative response is attributed to the company's guidance misses, reflecting investor disappointment as Nutanix transitions from high growth rates, although it continues to show growth potential and strong client demand.
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Coinbase Joins TrumpAccounts Initiative to Boost Financial Literacy
- Support for Trump Initiative: Coinbase CEO Brian Armstrong announced the company's participation in the TrumpAccounts initiative, pledging to match a $1,000 contribution for eligible employee children, emphasizing the importance of early investments in financial security and literacy for kids.
- Wealth Growth Potential: Under the TrumpAccounts program, American babies born between 2025 and 2028 will receive a $1,000 government contribution, which will be automatically invested in U.S. companies, expected to grow in value over time, aiding in wealth building for children.
- Tax Challenges: While the government's initial contribution and charitable donations are secure, parental contributions currently lack a crucial exemption from federal gift tax laws, which may affect parents' willingness to invest and the long-term growth of the accounts.
- Stock Price Dynamics: Coinbase shares fell 0.66% to $209.43 during Wednesday's regular trading session and dropped another 0.29% in after-hours trading, indicating a weak price trend in the short term and reflecting market caution regarding its future performance.

Trump Accounts Program Sparks Wealth Gap Controversy
- Account Registration: The Trump Accounts program garnered 600,000 sign-ups in its first week, indicating strong interest from middle- and lower-income families, and is expected to provide investment opportunities for 25 million children.
- Wealth Gap Controversy: Despite critics warning that wealthy families can contribute $5,000 annually, Treasury Secretary Bessent emphasized that the program primarily targets middle- and lower-income families to alleviate economic pressures.
- Government-Funded Investment: Each eligible child will receive a $1,000 government-funded investment, and families can open accounts for children under 18 without initial funding, laying the groundwork for future financial stability.
- Celebrity Support: Several celebrities, including Nicki Minaj, have pledged funds to the Trump Accounts, with Minaj committing between $150,000 and $300,000, highlighting public figures' support and attention to the initiative.









