Rackspace Announces AMD Partnership, Stock Surges Amid Job Cuts

Rackspace Technology (RXT) announced a strategic partnership with AMD for the deployment of an initial 30 MW footprint dedicated to AMD-based compute across its global data centers. The deal has driven RXT's stock up by about 27% premarket, signaling optimism around growth potential despite ongoing job cuts.

By Opeyemi Babalola Wed, June 17, 2026 at 2:07 AM GMT+3 4 min read · Yahoo Finance · June 16, 2026, 23:07 UTC

Rackspace Announces AMD Partnership, Stock Surges Amid Job Cuts

Tickers: $AMD

Topics: AI Infrastructure Cloud Services M&A/Partnership

Read the full article at Yahoo Finance

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