Rackspace Stock Surges on AMD AI Cloud Deal. The Fine Print Matters
SAN ANTONIO, May 7, 2026, 09:09 (CDT) Shares of Rackspace Technology soared roughly 57% Thursday morning, lifted by news of a multiyear partnership with Advanced Micro Devices to develop managed AI infrastructure for regulated industries. The company also swung back to a quarterly net profit. RXT changed hands at $3.56, having earlier hit $4.21. AMD was off about 1.4%, last
