News

Major AI Compute Partnership Boosts Rackspace StockRackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology. The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace’s managed artificial intelligence platform.

Investing.com -- Rackspace Technology (NASDAQ:RXT) shares rose 30% Tuesday after the company signed a definitive agreement with AMD (NASDAQ:AMD) for the phased deployment of 30 MW of AMD-based AI compute infrastructure.

Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.

Rackspace Technology, a leader in multi-cloud services, saw a key insider reduce their direct holdings in a recent sale.

Is RXT a good stock to buy? We came across a bullish thesis on Rackspace Technology, Inc. on r/smallstreetbets by lumbridge12. In this article, we will summarize the bulls’ thesis on RXT. Rackspace Technology, Inc.’s share was trading at $4.5100 as of June 8th. RXT’s forward P/E was 91.74 according to Yahoo Finance. Rackspace Technology, Inc. operates […]

Rackspace Technology has announced the establishment of its regional headquarters in Riyadh, Saudi Arabia, aimed at bolstering cloud and AI growth in the Middle East. This strategic move is set to support digital transformation initiatives across the Gulf Cooperation Council (GCC) region, in alignment with Saudi Arabia's Vision 2030. By positioning itself closer to its Middle Eastern clientele and partners, Rackspace Technology aims to enhance its localized delivery of cloud and AI solutions,...

Rackspace Technology (NASDAQ:RXT) has established a regional headquarters in Riyadh as the cloud-services company moves to accelerate its cloud and artificial intelligence growth in the Middle East. The new regional headquarters in the Saudi capital is intended to support Rackspace's...

Earlier in 2026, Rackspace Technology announced a memorandum of understanding with AMD to integrate Instinct GPUs and EPYC CPUs into a fully managed, governed enterprise AI cloud, while expanding AI collaborations with partners such as Palantir and Uniphore for regulated and sovereign workloads. This pivot toward operating AI at scale within core enterprise systems, supported by embedded platform engineering teams, signals a deeper focus on regulated, higher-value cloud and AI services...

Sagar Hebbar: Thank you, and welcome to Rackspace Technologies First Quarter 2026 Earnings Conference Call. Joining me today are Gajen Kandiah, our Chief Executive Officer; and Mark Marino, our Chief Financial Officer. Rackspace Technology assumes no obligation to update the information presented on the call, except as required by law.

Gajen Kandiah: Thank you, Sagar. As a result, they are moving beyond isolated AI experiments to operating AI at scale inside core enterprise systems. AI is infusing every workload and as it becomes embedded in customer data, financial systems and regulated processes, where it runs starts to matter.

With a one-month return of 337.59%, Rackspace Technology, Inc. (NASDAQ:RXT) is among the 8 Best Rising Tech Stocks to Buy According to Hedge Funds. On May 12, BMO Capital raised its price target on Rackspace Technology, Inc. (NASDAQ:RXT) to $5 from $2 while maintaining a Market Perform rating following the company’s first-quarter results. According to the analyst, […]

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 9 Best American Semiconductor Stocks to Buy According to Analysts. On May 7, 2026, Rackspace Technology and Advanced Micro Devices, Inc. (NASDAQ:AMD) announced the signing of a memorandum of understanding outlining a multiyear strategic partnership focused on building an Enterprise AI Cloud designed for regulated enterprises […]

Rackspace Technology (NASDAQ:RXT) shares climbed as much as 10% on Monday morning, continuing the strong momentum seen after last week’s explosive rally. The stock surged 56% on Friday and has now gained more than 200% since the company released earnings and announced a strategic partnership with AMD on May 7.

Advanced Micro Devices (NasdaqGS:AMD) and Rackspace Technology have agreed a multi-year partnership to build a managed Enterprise AI Cloud for highly regulated sectors. The platform will use AMD Instinct GPUs and EPYC CPUs, with a focus on security, governance, and regulatory compliance. The collaboration is aimed at organizations that need sovereign and compliant AI solutions, an area often underserved by general purpose cloud offerings. For investors tracking NasdaqGS:AMD, this move comes...

Rackspace Technology (NASDAQ:RXT) reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company’s shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments. Chief Executive Off

Rackspace’s memorandum of understanding with AMD outlines a governed AI cloud solution for regulated customers, and the company’s next challenge is converting this into customer workloads and recurring managed-cloud revenue.

The AMD deal gives Rackspace a fresh AI narrative as investors hunt for overlooked cloud infrastructure plays.

Rackspace Technology (RXT) is back in focus after returning to profitability in Q1 2026 with US$8.3 million net income and signing a Memorandum of Understanding with AMD to develop governed enterprise AI cloud infrastructure. See our latest analysis for Rackspace Technology. The recent Q1 2026 profit and the AMD AI cloud MoU have coincided with a sharp re-rating, with a 30-day share price return of 290.85% and a 1-year total shareholder return of 144.44%, although the 5-year total shareholder...

Rackspace stock doubled on a so-so earnings report. A new AMD partnership stole the show.

Rackspace Technology (NASDAQ:RXT) and AMD (NASDAQ:AMD) announced a multiyear strategic collaboration focused on developing enterprise artificial intelligence infrastructure tailored for regulated sectors. The companies said they signed a memorandum of understanding to pursue the creation of an Enterprise AI Cloud designed for organizations that require strong security, governance, and accountability standards.

Rackspace Technology, Inc. (NASDAQ:RXT) is among the 11 Most Active Small Cap Stocks to Buy. On March 18, Rackspace Technology, Inc. (NASDAQ:RXT), in collaboration with Rubrik, launched a UK Sovereign Cyber Recovery Cloud solution designed to protect and rapidly restore critical workloads for public sector and regulated industries following cyberattacks. The offering addresses growing demand for […]

Rackspace Technology is back in focus as analysts move average price targets from earlier ranges around US$1.30 to US$1.75 toward roughly US$2 to US$2.50 per share. The shift follows Q4 results and guidance that some analysts read as supporting a higher equity value, while others see limited margin of safety and remain cautious. As you read on, you will see how these mixed reactions shape the evolving story around Rackspace and what it could mean for your own view of the stock. Stay updated...

Palantir Technologies (NasdaqGS:PLTR) and Rackspace Technology announced a new partnership focused on accelerating enterprise use of Palantir’s AI and Foundry platforms. The collaboration is aimed at sectors with strict data sovereignty and compliance needs, combining Palantir’s software with Rackspace’s migration, hosting, and managed services. For investors following enterprise AI, this move highlights how Palantir is working to scale its software into heavily regulated industries where...

Rackspace Technology (NASDAQ:RXT) just reported its fourth-quarter results, showcasing signs of business improvement amid a challenging market. Revenue stabilized with only a slight decline, losses narrowed significantly, and key metrics beat analyst expectations. This comes on the heels of its recent partnership with Palantir Technologies (NASDAQ:PLTR), aimed at accelerating AI deployments. Yet, despite these positives, ... Rackspace Tumbles as Business Improves, but Is It a Buy Yet?

Rackspace Technology (NASDAQ:RXT) executives used the company’s fourth quarter 2025 earnings call to outline a sharpened strategic focus on operationalizing enterprise AI in regulated environments, while also reviewing quarterly results that management said exceeded guidance across most metrics. Ma

Rackspace Technology Inc (RXT) reports strong public cloud performance and strategic focus on AI, despite challenges in private cloud revenue.

Elong Power Holding Ltd. 56,351,790 0.1533

On a per-share basis, the San Antonio-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share. The company posted revenue of $682.8 million in the period.