Rackspace Technology, Inc. Common Stock
RXTRackspace Technology, Inc. (RXT) is a cloud computing and managed hosting company that provides a range of IT services, including cloud migration, application management, cybersecurity, and data-driven solutions. Founded in 1998, the company specializes in helping businesses deploy, manage, and optimize their cloud infrastructure across platforms such as AWS, Azure, Google Cloud, and others. Rackspace aims to deliver scalable, flexible technology services to support digital transformation and improve operational efficiency for its clients.
Company News
Rackspace Technology has been named a leader in two categories of the 2026 ISG Provider Lens report for Private/Hybrid Cloud Data Center Services in the US and UK. The recognition highlights Rackspace's strengths in managed AI-enabled infrastructure services for mid-market enterprises and managed cloud hosting solutions, particularly for regulate...
Rackspace stock surged up to 21% after announcing a partnership expansion with AMD to deploy 30 MW of compute capacity for enterprise customers in regulated industries through 2028. The company also announced a 15% workforce reduction to save $75-85 million annually and refocus on AI opportunities. Despite the rally, Rackspace remains well below ...
Rackspace Technology (RXT) shares surged 11.41% after announcing a definitive agreement with AMD for phased deployment of 30 megawatts of AMD-based AI compute infrastructure. The partnership formalizes an earlier MOU and positions AMD as a core silicon partner in Rackspace's governed AI infrastructure stack, targeting regulated industries like he...
Technical analyst John Roque warns that rising 2-year Treasury yields heading toward 5% pose a significant threat to momentum-driven tech and semiconductor stocks. After extreme valuations and parabolic advances in May-June, chip stocks like Micron, Marvell, and Dell face correction risks. The analyst also cautions on gold, silver, and Bitcoin, c...
Rackspace Technology (NASDAQ: RXT) announced the establishment of its regional headquarters in Riyadh, Saudi Arabia, to strengthen its commitment to the Kingdom and broader Middle East region. The new hub will serve as a strategic center for operations and customer engagement, supporting digital transformation initiatives aligned with Saudi Visio...
