Bare metal cloud servers now cheaper and more readily available than on-prem hardware, says Nutanix CEO

Nutanix CEO Rajiv Ramaswami claims cloud bare metal servers are now cheaper and easier to acquire than on-prem hardware due to hyperscalers' bulk purchasing power. He highlights persistent high memory/storage prices, growing on-prem AI adoption for cost predictability, and Nutanix's Q3 2026 results showing 730 new clients and $703 million revenue. The company shifted to support external storage, securing deals with Everpure and Dell.