Rackspace Q2 Sales Beat Forecasts; Margin Challenges Remain as AI Transition Continues

Rackspace Technology posted second-quarter revenue that topped its initial guidance range. However, the cloud firm maintained its previously lowered forecast from July. The outcome puts investors in a position to balance an earlier-than-expected sales gain with expenses tied to its move towards enterprise AI.

11 August 2026

Palantir Loses $29 Billion in Market Value in Three Days as Software Valuation Faces CPI Data

Palantir Technologies Inc. closed Friday at $126.79, down 8.7% from Tuesday’s intraday high of $138.90. The stock is also 1.9% lower than where it finished on July 2 before the holiday. PLTR slid for three sessions in a row, giving up an early-week rally that at one point put shares up 7.4% compared to the level before the break.

12 July 2026

NASDAQ:MDB·NASDAQ:PLTR·NASDAQ:RXT·NYSE:SNOW·Stock Market·Technology

Rackspace’s AI run faces $150 million hurdle

Rackspace Technology Inc fell hard Thursday as the market shrugged off its push into enterprise AI, homing in on weaker 2026 guidance and a new equity plan. Shares slumped 29% to $4.67 and volume spiked to almost 40 million shares. Rackspace’s market cap was around $1.17 billion.

9 July 2026

Artificial Intelligence·Cloud Computing·NASDAQ:RXT·Technology Trends

Rackspace jumps after AMD AI compute agreement raises hopes for turnaround

Rackspace Technology stock surged on heavy volume Wednesday, building on two days of steep gains. The cloud-services company finalized its May memorandum with Advanced Micro Devices into a binding deal for AI data-center capacity.

17 June 2026

Cloud Computing·NASDAQ:AMD·NASDAQ:RXT·Stock Market

Rackspace Shares Swing After AMD AI Compute News; Funding and Job Cuts Remain Concerns

Rackspace Technology, Inc. shares jumped about 13% to $6.66 in early Nasdaq trading Tuesday. The stock saw heavy volume, spiking to a session high of $7.82 after the company went from an AMD memorandum of understanding to a firm agreement for AI compute capacity. Trading pushed Rackspace’s market cap to around $1.7 billion with about 32.5 million shares changing hands.

16 June 2026

Artificial Intelligence·NASDAQ:RXT·Stock Market

Rackspace Stock Jumps 26% As AMD AI Deal Tests RXT Turnaround Story

Rackspace Technology Inc. surged 26.34% to end Thursday at $7.29, marking another big run as the San Antonio cloud-services player draws buyers with its artificial intelligence infrastructure narrative. Shares peaked at $7.65 before settling to $7.15 in late trading.

14 May 2026

Artificial Intelligence·NASDAQ:AMD·NASDAQ:RXT·NYSE:PLTR·Stock Market·Technology