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Stock offering overshadows ambitious enterprise AI expansion plans

Rackspace provided preliminary results, lowered its full-year forecast, and announced plans to raise capital via a stock offering.

Rackspace lowered its 2026 revenue and EBITDA outlook while planning a $250 million stock offering to support its enterprise AI strategy.

Rackspace Lowers Full-Year GuidanceRackspace Technology (NASDAQ:RXT) revised its fiscal 2026 outlook lower, reducing its revenue forecast by $150 million and cutting its adjusted EBITDA guidance by $20 million, while outlining plans to accelerate its enterprise artificial intelligence business. The company attributed the weaker outlook to ongoing supply constraints, geopolitical uncertainty and a strategic decision to exit lower-margin operations.

Investing.com - U.S. stock index futures were mixed on Thursday as investors weighed escalating tensions between the United States and Iran against a continued rebound in semiconductor shares.

Investing.com -- A major AI team-up wasn’t enough to cushion the blow for Rackspace Technology (NASDAQ:RXT). Shares plummeted over 10% Thursday after the cloud operator severely dialed back its fiscal 2026 revenue projections, completely overshadowing a high-profile strategic partnership with Palantir Technologies (NASDAQ:PLTR) announced earlier in the day. The San Antonio-based enterprise AI infrastructure provider aggressively trimmed its fiscal 2026 revenue guidance to a range of $2.45 billio

Rackspace Technology (RXT) said Thursday that it expects a Q2 adjusted loss of between $0.11 and $0.

Rackspace Technology, Inc. (NASDAQ:RXT) has gained more than 569% over the past 6 months, mainly driven by strong fiscal Q1 2026 earnings and the company’s partnership with AMD. Rackspace Technology, Inc. (NASDAQ:RXT) also ranks as one of the Best Performing Agentic AI Stocks to Buy. ​During the quarter, the company posted $678.1 million in revenue […]

In late June 2026, Advanced Micro Devices, Inc. was removed from several Russell value benchmarks but was simultaneously added to the Russell Top 50 Index, reflecting a shift in how the market classifies the company’s profile within major equity indices. At the same time, AMD has been deepening its role in enterprise AI infrastructure through moves such as its phased 30 MW deployment agreement with Rackspace Technology and its acquisition of AI-driven memory optimization start-up MEXT. We’ll...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 16, it was announced that Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology signed a definitive agreement. This is for the deployment of an initial 30 MW footprint dedicated to AMD-based […]

Nvidia's net income margin reached 72% last quarter, while AMD reported 14%, highlighting a stark difference in recent profitability.

With a forward P/E of 40.39, Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the 10 Most Overvalued Quantum Computing Stocks According to Short Sellers. On June 16, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology announced a definitive agreement for the phased deployment of an initial 30-megawatt footprint dedicated to AMD-powered computing infrastructure across Rackspace’s global data […]

Rackspace Technology and Advanced Micro Devices have signed a massive agreement to deploy artificial intelligence computing power for regulated enterprises.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best growth stocks to buy, according to billionaire Ray Dalio’s Bridgewater Associates. On June 16, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology (NASDAQ:RXT) finalized a binding agreement for the phased deployment of 30 MW of AMD‑based compute across Rackspace’s global data centers, beginning in late 2026 […]

Rackspace technology has signed a deal with AMD while also announcing layoffs.

At $7.53, Rackspace Technology (NASDAQ:RXT) is a Hold, with an aggressive Buy trigger if a macro panic drags shares back to $5.00. After a 675.57% year-to-date rip, the real question is how much is already priced in. Rackspace operates hybrid multicloud services across a shrinking legacy Private Cloud business and a growing Public Cloud managed ... Buy, Hold, or Sell: Rackspace Is Up 675% This Year, Is It a Buy Today?

Advanced Micro Devices and Rackspace Technology signed a definitive agreement to deploy 30 MW of AMD-powered AI compute across Rackspace’s global data centers from late 2026 through 2028, building on their earlier MOU.

If you are wondering whether Rackspace Technology stock is still attractively priced after its recent run, a good starting point is understanding what current buyers are paying for each dollar of the business. At the last close of US$7.53, Rackspace Technology has seen sharp share price moves recently, including a 42.5% return over 7 days, 56.9% over 30 days and a year to date gain that is several times the starting price. These recent returns sit alongside very large gains over the past...

Earlier this month, Rackspace Technology announced a phased agreement with AMD to deploy 30 MW of AMD AI compute across its global data centers through 2028, while approving a workforce realignment that will cut about 15% of its global staff and incur an estimated US$14.00 million to US$19.00 million in one-time charges during 2026. The company plans to redirect much of the expected US$75.00 million to US$85.00 million in annualized cost savings toward building governed enterprise AI...

Rackspace Technology (RXT) stock drew fresh attention after a sharp single-day move, with a 21.3% gain, prompting investors to reassess how the company’s hybrid cloud and AI profile lines up with its current valuation. See our latest analysis for Rackspace Technology. The move takes place after a period of very strong momentum, with the share price returning 56.9% over the past month, around 7x over the year to date, and a one year total shareholder return of just over 5x, although the five...

Rackspace Technology, Nebius Group, and Arm Holdings surged to 52-week highs amid growing Wall Street optimism and growth plans.

Rackspace Technology Inc. (NASDAQ:RXT) is one of the 10 Stocks Making Investors Richer. Rackspace Technology soared to a four-year high on Wednesday, extending a winning streak to a third consecutive day, as investors gobbled up shares after clinching a new 30 MW cloud computing deal with Advanced Micro Devices (AMD). In intra-day trading, Rackspace Technology […]

RBC Capital said the partnership with AMD could help Rackspace gain market share across healthcare, financial services, energy, and government sectors.

Rackspace Technology (RXT) runs the infrastructure that many enterprises rely on when they want managed cloud services without building everything in-house. The San Antonio-based company operates across public and private cloud segments, handling the compute, storage, and security layers that sit ...

Rackspace inked a data center deal with Advanced Micro Devices.

Rackspace stock rallies on a major partnership with AMD. Here’s why the team-up is largely bullish for RXT shares.

Rackspace will deploy AMD Instinct GPUs and EPYC CPUs across its global data centers

Shares of Intel (NASDAQ:INTC) are down 7% at midday on Tuesday, while Advanced Micro Devices (NASDAQ:AMD) stock is sliding 6%. The pullback comes after a torrid multi-session rally in both names. Intel stock closed yesterday at $127.86, having climbed 18% over the past month. AMD stock ended Monday at $547.26, an all-time high. No fresh ... Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking

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

Investing.com - U.S. stock futures were little changed on Tuesday, while oil prices extended recent losses, as investors awaited further details on a preliminary peace agreement between the United States and Iran.