$RXT

Rackspace Technologies (RXT) stock rose 25% premarket after signing a pact with AMD for up to 30MW of compute power. RXT also announced a 15% workforce reduction, saving up to $85M annually. The savings will fund projects, including the AMD deal. AMD will provide GPUs and CPUs for RXT's data centers. The companies aim to serve enterprise AI needs, especially in healthcare.

Rackspace Technology (RXT) partnered with Nvidia (NVDA) and Palantir (PLTR) to create a sovereign AI product for enterprises and governments. The collaboration combines Nvidia's Blackwell chips, Palantir's software, and Rackspace's managed infrastructure. RXT stock is down 3.55% at $3.12, while NVDA and PLTR offer exposure to the sovereign-AI theme.

US stock futures declined for the third day, with tech underperforming as Treasury yields rose. S&P futures fell 0.2%, Nasdaq futures dropped 0.5%. TSMC reported a 53% sales increase. Oracle earnings and US PPI data are upcoming. Key movers: AAPL, META up 1.0%; TSLA, NVDA down. AVAV +4%, AEO -14%, COO -16%, JBLU -2%, KNTK +4%, M -1%, NAVN -15%, RXT +13%. Oil prices rose, ECB rate decision awaited. Trump's $5k dividend proposal met with skepticism.

Rackspace Technology stock surged 12.4% in pre-market trading after joining NVIDIA's Cloud Partner Program and launching its Institutional Sovereign Pod, integrating NVIDIA's Blackwell GPUs and Palantir's software. The company's stock is up to $3.641, still below its 52-week high of $8.60. The rally is attributed to company-specific news rather than broader market trends.

Rackspace Technology (RXT) joined NVIDIA's Cloud Partner Program, enhancing its AI Cloud strategy. The company will operate NVIDIA's Blackwell-powered AI infrastructure for regulated enterprises, combining it with Palantir software and private cloud services. Rackspace aims to provide a governed, accountable operator for complete AI systems, supporting data control, production operations, and sovereign environments.

Rackspace Technology (RXT) CEO sold 498,728 shares at $3.21 per share to cover taxes on vested stock, retaining 3.6M shares. The sale was automatic under a Rule 10b5-1 plan, with prices ranging from $3.12 to $3.28.

Kandiah Gajakarnan Vibushanan (Chief Executive Officer) sold 498,728 shares of Rackspace Technology, Inc. (RXT) at $3.21 ($1.60M total) on 2026-09-04 under a Rule 10b5-1 trading plan.

U.S. stock indices fell on Wednesday as investors considered a potential rate hike due to inflation. S&P 500, Nasdaq, and Dow Jones dropped 1.2%, 1%, and 1% respectively. Fed left rates unchanged but hinted at a possible hike by October. SpaceX, Uber, AST SpaceMobile, Bed Bath & Beyond, and Rackspace Technology were in focus.

Rackspace Technology (RXT) launched Rackspace Cloud, a fully managed multitenant cloud platform on VMware Cloud Foundation 9.1, initially available in Dallas. The platform supports VMware environments, Kubernetes, and AI workloads. Rackspace is among the first to offer this managed service, according to the company. Broadcom's research shows increasing enterprise demand for private cloud infrastructure for AI workloads.

Rackspace Technology, Inc. (RXT) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. De parture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . Mr. Dharmendra Kumar Sinha is expected to depart from his position as President, Public Cloud of Rackspace Technology, I