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RXT News7 articles
Palantir Plummets 8.7% in Three Days, Losing $29B in Market Cap Ahead of CPI Data
Palantir shares dropped 8.7% in three sessions, losing $29 billion in market cap, as the stock closed at $126.79 ahead of key CPI data.
Rackspace Stock Plunges on Guidance Cut and New Equity Plan
Rackspace shares tumbled 29% as the company slashed its 2026 revenue forecast by $150 million and unveiled a $250 million stock sale plan, overshadowing its AI ambitions.
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
Rackspace Stock Surges on AMD AI Deal, Despite Layoffs and Funding Hurdles
Rackspace Technology shares surged 12.6% to $6.66 after securing a definitive AMD AI compute deal for 30 MW capacity, but a 15% workforce cut and need for additional financing highlight ongoing risks.
Rackspace Stock Soars 26% on AMD AI Deal, But Debt Clouds Outlook
Rackspace shares surged 26% to $7.29 on an AMD AI deal and Q1 profit, though a non-GAAP loss and $2.3B in debt temper optimism.
Rackspace Surges 35% on AI Cloud Deal with AMD, Short Squeeze Amplifies Rally
Rackspace Technology shares surged 35% after announcing an AI cloud deal with AMD, with short covering amplifying the move as trading volume tripled.
Palantir Stock Dips Despite $1B DHS Deal, Rackspace Partnership
Palantir Technologies stock declined 1.5% to $132.89 on Friday, underperforming the broader software sector. The move came amid conflicting catalysts including a reported $1 billion U.S. Department of Homeland Security contract, a new strategic partnership with Rackspace Technology, and an analyst upgrade from Mizuho Securities.