RXT

Investments and Partnerships to Fuel AI Growth in 2027 and Beyond Palantir names Rackspace Technology as a Preferred Partner in Regulated and Sovereign Markets SAN ANTONIO, July 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced a strategic and financial update on its transition to becoming the operator of the full enterprise AI stack.  Strategy Update Rackspace is becoming the operator of the full enterprise AI stack, serving a demand now visible across the market.

Palantir and Rackspace execute a definitive agreement establishing operating framework to deploy Palantir Foundry and AIP in mid-market, regulated and sovereign environments, naming Rackspace a preferred partner Palantir and Rackspace execute a definitive agreement establishing operating framework to deploy Palantir Foundry and AIP in mid-market, regulated and sovereign environments, naming Rackspace a preferred partner

The broader market remains intensely fixated on public hyperscalers hoarding silicon to build massive, general-purpose artificial intelligence models. Look one layer deeper into the physical economy, and a distinct structural shift is unfolding.

The broader market remains intensely fixated on public hyperscalers hoarding silicon to build massive, general-purpose artificial intelligence models. Look one layer deeper into the physical economy, and a distinct structural shift is unfolding.

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.

Rackspace Technology, Inc. (RXT) Discusses Phased Deployment Agreement for AMD AI Compute and GPU-as-a-Service Collaboration Transcript

Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% cut in its global workforce. The company said it has signed a definitive agreement with AMD for the phased deployment of up to 30 megawatts of dedicated compute capacity across Rackspace's global data-center footprint.

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

SANTA CLARA, Calif. and SAN ANTONIO, June 16, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the signing of a definitive agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centers beginning in late 2026 through 2028.

Rackspace is pivoting to high-margin, managed AI cloud services through partnerships with Palantir and AMD, targeting regulated industries. RXT's asset-light strategy avoids large capex, focusing on enterprise AI workloads and consulting revenues, supporting a path to GAAP profitability. Despite 2% YoY revenue growth and improved operating loss, RXT trades at a significant P/S discount vs. peers, suggesting rerating potential.