Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT)
Key takeaways
- The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace’s managed artificial intelligence platform.
- Under the agreement, the infrastructure rollout will take place in phases across Rackspace’s worldwide data center network beginning in late 2026 and continuing through 2028.
- The deployment is expected to significantly expand Rackspace’s AI computing capabilities as enterprises increase investment in large-scale artificial intelligence applications and data-intensive workloads.
Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT) Fiona Craig Tue, June 16, 2026 at 7:10 PM GMT+7 2 min read AMD RXT data center servers NEW SIZE ©Baltic Servers.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.
The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace’s managed artificial intelligence platform.
Under the agreement, the infrastructure rollout will take place in phases across Rackspace’s worldwide data center network beginning in late 2026 and continuing through 2028.