Rackspace Technology, Inc. RXT

In September 2026, Rackspace Technology, Inc. announced it had joined the NVIDIA Cloud Partner Program, enhancing its ability to deliver NVIDIA accelerated computing and governed AI cloud services for regulated and sovereign enterprises. A key outcome is Rackspace’s Institutional Sovereign Pod, which combines NVIDIA Blackwell, Palantir Foundry and AIP in a governed environment that aims to keep enterprise data, models and AI operations under tighter control. Next, we’ll examine how...

Rackspace Technology, Inc. (NASDAQ:RXT) shares climbed more than 6% after the company announced that it was joining Nvidia’s Cloud Partner Program. The move adds to a series of AI infrastructure partnerships that have consistently triggered sharp rallies in the stock. However, the market has also seen the other side of this story. Earlier this year, […]

Rackspace Technology joined the Nvidia Cloud Partner Program to deliver and manage Nvidia-powered AI computing infrastructure.

Nvidia just backed a smaller cloud’s bet that regulated buyers care less about scale and more about who owns the outcome.

Rackspace Technology (NASDAQ:RXT) shares rose 13% on Thursday morning after the company said it joined the NVIDIA Cloud Partner Program and plans to offer NVIDIA Blackwell-powered artificial intelligence infrastructure for regulated enterprises and governments. Under the collaboration, Rackspace will combine NVIDIA accelerated computing with Palantir software and governed private-cloud infrastructure.

Rackspace combines NVIDIA accelerated computing, Palantir software and governed private cloud with Rackspace as the accountable operator from infrastructure through productionSAN ANTONIO, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced that it has joined the NVIDIA Cloud Partner Program (NCP). The program deepens Rackspace’s ability to deliver and operate NVIDIA accelerated computing for regulat

Voss Capital, LLC, an investment management company, released its second-quarter 2026 investor letter. The letter can be downloaded here. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd returned +22.4% and +23.2%, respectively, to investors net of fees and expenses, in the second quarter compared to a +21.5% return for […]

Rackspace Technology has launched Rackspace Cloud, a fully managed multitenant platform built on Broadcom (NasdaqGS:AVGO) VMware Cloud Foundation 9.1. The platform targets regulated industries that need modern cloud features such as Kubernetes and AI workloads while keeping governance and compliance controls. This is among the first commercial uses of VMware Cloud Foundation 9.1 in a fully managed multitenant setup, highlighting early commercial traction after Broadcom's VMware...

New platform gives enterprises elastic VMware capacity ready for virtual machines, Kubernetes, and production AI workloads, with the governance and control regulated industries requireSAN ANTONIO, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the launch of Rackspace Cloud, a fully managed, multitenant cloud platform powered by Broadcom's VMware Cloud Foundation 9.1 (VCF 9.1), initially availabl

MIAMI, August 19, 2026--Palantir Technologies Inc. (NASDAQ: PLTR) today announced its second Sovereignty Bootcamp in <30 days. On the back of unprecedented demand for its Inaugural Sovereignty Bootcamp, held on July 27, Palantir is welcoming nearly 100 new organizations to its second Sovereignty Bootcamp. With nearly 200 unique organizations in attendance across both, Palantir has also enabled the accelerated onboarding of net new customers who recognize that getting started quickly is critical

SAN ANTONIO, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the appointment of Chetan Gupta, Ph.D., as Chief AI Officer. Gupta will lead the Office of AI, with responsibility for Rackspace's AI strategy, research, innovation, governance, and adoption across the company and its customers. His appointment strengthens Rackspace's ability to help institutions deploy AI safely, economically, and at s

Rackspace Technology Inc (RXT) navigates a strategic shift toward high-margin AI and private cloud services, reporting mixed Q2 results with a focus on long-term enterprise AI opportunities.

Revenue of $670 million in the Second Quarter, up 1% Year-over-YearPrivate Cloud Revenue was $263 million, up 5% Year-over-YearPublic Cloud Revenue was $407 million, down 2% Year-over-YearSecond Quarter 2026 Cash Flow Used in Operating Activities was $32 million; Cash Flow From Operating Activities was $104 million on a Trailing-Twelve-Month Basis SAN ANTONIO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a global enterprise AI infrastructure and solutions provider,

Rackspace Technology stock has delivered a very strong run year to date, yet its valuation checks still point to shares screening on the cheap side rather than fully pricing in that move. Year to date the share price is up 394.7%, which puts a lot more weight on whether current expectations for the business can hold. Investor focus is split between the potential upside from Rackspace Technology’s push into enterprise and sovereign AI infrastructure and the valuation risk tied to multiple...

Rackspace Technology (NasdaqGS:RXT) appoints Pranav Nambiar as Senior Vice President and General Manager to lead its AI Infrastructure business. Nambiar brings experience from roles at AWS, DigitalOcean, Google, and Microsoft focused on cloud and AI platforms. The hire signals Rackspace Technology's push into sovereign and compliant AI offerings for enterprise clients. The move comes as demand grows for governed AI environments that meet regulatory and data residency requirements. For...

Rackspace Technology (RXT) is back in focus after a series of securities class action lawsuits followed its decision to lower 2026 revenue and EBITDA guidance, citing a shift toward enterprise AI and away from higher margin segments. See our latest analysis for Rackspace Technology. At a share price of $4.82, Rackspace Technology has seen a sharp 30 day share price return that declined 28.70% and a 90 day share price return that declined 12.20%. At the same time, the year to date share price...

Rackspace Technology Inc.'s push into the artificial intelligence business has brought big promises from executives, mass layoffs of workers and now a federal securities-fraud lawsuit from investors.