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Rackspace Technology Inc (RXT) navigates a strategic shift toward high-margin AI and private cloud services, reporting mixed Q2 results with a focus on long-term enterprise AI opportunities.
Rackspace Technology (NASDAQ:RXT) reported second-quarter revenue of $670 million, up 1% from a year earlier, as the company outlined an expanded enterprise AI infrastructure strategy built around managed compute, inference and sovereign AI deployments. Chief Executive Officer Gajen Kandiah said th
Rackspace Technology stock has delivered a very strong run year to date, yet its valuation checks still point to shares screening on the cheap side rather than fully pricing in that move. Year to date the share price is up 394.7%, which puts a lot more weight on whether current expectations for the business can hold. Investor focus is split between the potential upside from Rackspace Technology’s push into enterprise and sovereign AI infrastructure and the valuation risk tied to multiple...
Rackspace Technology (NasdaqGS:RXT) appoints Pranav Nambiar as Senior Vice President and General Manager to lead its AI Infrastructure business. Nambiar brings experience from roles at AWS, DigitalOcean, Google, and Microsoft focused on cloud and AI platforms. The hire signals Rackspace Technology's push into sovereign and compliant AI offerings for enterprise clients. The move comes as demand grows for governed AI environments that meet regulatory and data residency requirements. For...
Rackspace Technology (RXT) is back in focus after a series of securities class action lawsuits followed its decision to lower 2026 revenue and EBITDA guidance, citing a shift toward enterprise AI and away from higher margin segments. See our latest analysis for Rackspace Technology. At a share price of $4.82, Rackspace Technology has seen a sharp 30 day share price return that declined 28.70% and a 90 day share price return that declined 12.20%. At the same time, the year to date share price...
Palantir shares surged as much as 29% after reporting second-quarter revenue of $1.935 billion, with U.S. commercial revenue soaring 149%, pushing the stock cleanly above its 200-day moving average.
AMD’s Microsoft deal for Helios rack-scale AI systems and next-gen Instinct and EPYC chips joins AMD's list of wins along with other AI industry favorites.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the Best AI Stocks. On July 6, Goldman Sachs raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $640 from $450. The firm maintained a Buy rating on the stock. On June 16, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Rackspace Technology signed a definitive agreement to install […]
Rackspace shares slide as market reacts to guidance cut and weak preliminary results.
Broadcom dominated every AI headline in 2026 while retail investors kicked themselves for missing it. But the actual dollar returns tell a story that should make those investors feel a lot better about what they already owned.
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 Best Growth Stocks With Highest Upside Potential. On July 9, 2026, Rackspace (RXT) and Palantir Technologies Inc. (NASDAQ:PLTR) announced an operating model framework to help regulated and sovereign enterprises own and operate AI in production. Delivered through Rackspace, the framework combines Palantir Foundry and AIP with […]
Rackspace Technology Inc. is moving the conversation away from raw GPU capacity and toward who actually owns the AI outcomes those chips enable. In an exclusive interview with Benzinga, CFO Mark Marino laid out Rackspace’s strategy that he describes as...
Rackspace Technology Inc (RXT) outlines its strategic pivot to AI and higher-margin opportunities, despite a revised revenue outlook for FY26.
Rackspace stock is falling after cutting its revenue and announcing a planned stock offering.
Rackspace Technology has turned into a valuation puzzle, with the stock up 448.1% year to date while the latest checks still suggest the shares screen cheap on most measures even after that very sharp move. Year to date, Rackspace Technology has gained 448.1%, which puts extra focus on whether recent enthusiasm has already been priced in. The push into enterprise AI partnerships and data center capacity can support higher long term earnings expectations, but the reduced 2026 outlook and...
Earlier this week, Rackspace Technology cut its 2026 revenue guidance to US$2.45–2.55 billion, reduced expected adjusted EBITDA, and outlined exits from low-margin public cloud resale and legacy hosting while launching a US$250 million at-the-market equity program to fund an enterprise AI push. At the same time, Rackspace deepened its AI focus by becoming Palantir’s preferred operator for regulated and sovereign deployments and committing to expand AMD-powered AI capacity, effectively...
Rackspace Technology (NASDAQ:RXT) said it is accelerating its push into enterprise artificial intelligence infrastructure, announcing a $250 million at-the-market equity offering and updated 2026 financial outlook as it moves away from lower-margin revenue streams. On a conference call, Chief Execu
Rackspace Technology (RXT) has put investors on alert after lowering its 2026 revenue and EBITDA guidance, exiting low margin public cloud resale and colocation, and raising fresh equity to fund a renewed push into enterprise AI. See our latest analysis for Rackspace Technology. Recent volatility has been intense for Rackspace Technology, with a 1-day share price return of 22.05% and a 90-day share price return of 304.07% set against a 5-year total shareholder return that is down 71.90%. This...
One brutal week and one chaotic Thursday left Rackspace investors staring at a guidance cut, a shareholder investigation, and a last-minute AI gamble with Palantir. Now the stock is bouncing hard, and the question is whether this recovery has any real foundation under it.
Company lowered revenue and EBITDA forecasts while accelerating its enterprise AI expansion strategy with Palantir.
Rackspace stock sinks as management lowered full-year guidance. Here’s why RXT shares are attractive to load up on the dip.
Rackspace Technology (RXT) may generate $450 million to $600 million in annual enterprise AI revenue
Stock offering overshadows ambitious enterprise AI expansion plans
Rackspace provided preliminary results, lowered its full-year forecast, and announced plans to raise capital via a stock offering.
Rackspace lowered its 2026 revenue and EBITDA outlook while planning a $250 million stock offering to support its enterprise AI strategy.
Rackspace Lowers Full-Year GuidanceRackspace Technology (NASDAQ:RXT) revised its fiscal 2026 outlook lower, reducing its revenue forecast by $150 million and cutting its adjusted EBITDA guidance by $20 million, while outlining plans to accelerate its enterprise artificial intelligence business. The company attributed the weaker outlook to ongoing supply constraints, geopolitical uncertainty and a strategic decision to exit lower-margin operations.
Investing.com -- A major AI team-up wasn’t enough to cushion the blow for Rackspace Technology (NASDAQ:RXT). Shares plummeted over 10% Thursday after the cloud operator severely dialed back its fiscal 2026 revenue projections, completely overshadowing a high-profile strategic partnership with Palantir Technologies (NASDAQ:PLTR) announced earlier in the day. The San Antonio-based enterprise AI infrastructure provider aggressively trimmed its fiscal 2026 revenue guidance to a range of $2.45 billio
Rackspace Technology (RXT) said Thursday that it expects a Q2 adjusted loss of between $0.11 and $0.
Rackspace Technology, Inc. (NASDAQ:RXT) has gained more than 569% over the past 6 months, mainly driven by strong fiscal Q1 2026 earnings and the company’s partnership with AMD. Rackspace Technology, Inc. (NASDAQ:RXT) also ranks as one of the Best Performing Agentic AI Stocks to Buy. During the quarter, the company posted $678.1 million in revenue […]
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