$RXT

Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rackspace Technology, Inc. and Encourages Investors to Contact the Firm

GlobeNewswire Inc. · 7/31/2026, 6:30:00 PM

A class action lawsuit has been filed against Rackspace Technology, Inc. for investors who purchased securities between May 7, 2026 and July 8, 2026. The lawsuit alleges that Rackspace misrepresented its enterprise AI efforts' impact on its profitable Private Cloud segment, declining Public Cloud revenue, and the resulting significant impact on fiscal year 2026 revenue. Investors have until September 28, 2026 to apply to be appointed as lead plaintiff.

Rackspace Technology in zwei Kategorien des „2026 ISG Provider Lens®, Private/Hybrid Cloud – Data Center Services Report“ als führender Anbieter ausgezeichnet

GlobeNewswire Inc. · 7/14/2026, 1:54:00 PM

Rackspace Technology has been named a leader in two categories of the 2026 ISG Provider Lens report for Private/Hybrid Cloud Data Center Services in the US and UK. The recognition highlights Rackspace's strengths in managed AI-enabled infrastructure services for mid-market enterprises and managed cloud hosting solutions, particularly for regulated industries requiring high governance and compliance standards.

Why Rackspace Rallied Today

The Motley Fool · 6/16/2026, 8:14:39 PM

Rackspace stock surged up to 21% after announcing a partnership expansion with AMD to deploy 30 MW of compute capacity for enterprise customers in regulated industries through 2028. The company also announced a 15% workforce reduction to save $75-85 million annually and refocus on AI opportunities. Despite the rally, Rackspace remains well below its $21 IPO price from 2020.

Why Is Rackspace Stock Surging Today?

Benzinga · 6/16/2026, 2:41:20 PM

Rackspace Technology (RXT) shares surged 11.41% after announcing a definitive agreement with AMD for phased deployment of 30 megawatts of AMD-based AI compute infrastructure. The partnership formalizes an earlier MOU and positions AMD as a core silicon partner in Rackspace's governed AI infrastructure stack, targeting regulated industries like healthcare. However, technical analysis shows fading momentum with MACD below its signal line, suggesting caution despite the stock's 334.93% gain over 12 months.

Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them

Benzinga · 6/8/2026, 7:47:30 PM

Technical analyst John Roque warns that rising 2-year Treasury yields heading toward 5% pose a significant threat to momentum-driven tech and semiconductor stocks. After extreme valuations and parabolic advances in May-June, chip stocks like Micron, Marvell, and Dell face correction risks. The analyst also cautions on gold, silver, and Bitcoin, citing rising rates as a headwind for these assets.