RXT
NASDAQ · Technology
Rackspace Technology Inc
$6.53
-0.05 (-0.68%)
RXT News5 articles
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.