After Securing AMD-Powered AI Infrastructure Agreement (RXT), Rackspace Shares Jump 30%

TL;DR

Reports differ across sources; according to finance.yahoo.com, major AI Compute Partnership Boosts Rackspace Stock Rackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology.