MAY 17·Simply Wall Street▲
Why Rackspace Technology (RXT) Is Up 6.0% After AMD AI Cloud Pact And Earnings Turnaround
Rackspace Technology (RXT) saw its stock increase by 6.0% following its Q1 2026 earnings report, which showed a turnaround from a net loss to a modest profit, and an announced Memorandum of Understanding with AMD. This pact focuses on co-developing an Enterprise AI Cloud utilizing AMD's Instinct GPUs and EPYC CPUs, targeting regulated and sovereign workloads. The collaboration aims to leverage Rackspace's managed cloud expertise to build differentiated AI infrastructure, potentially offsetting pressure on its legacy cloud services.
MAY 7·GlobeNewswire▲
Rackspace Technology and AMD Sign Memorandum of Understanding to Establish New Category of Governed Enterprise AI Infrastructure
Rackspace Technology and AMD have signed a Memorandum of Understanding to create an Enterprise AI Cloud designed for regulated enterprises and sovereign workloads, emphasizing security, governance, and accountability. This strategic partnership aims to embed dedicated AMD compute (Instinct™ GPUs and EPYC™ CPUs) within a fully managed, governed operating model provided by Rackspace. The collaboration will establish a new category of enterprise AI infrastructure, moving AI from experimentation to production with integrated capabilities like a fully managed environment, an Enterprise Inference Engine, Inference as a Service, and Bare Metal AMD Instinct compute.
