{"id":740711,"date":"2026-06-16T15:07:14","date_gmt":"2026-06-16T15:07:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/740711\/"},"modified":"2026-06-16T15:07:14","modified_gmt":"2026-06-16T15:07:14","slug":"rackspace-shares-jump-30-after-securing-amd-powered-ai-infrastructure-agreement-rxt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/740711\/","title":{"rendered":"Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT)"},"content":{"rendered":"

\"data data center servers NEW SIZE \u00a9BalticServers.com Major AI Compute Partnership Boosts Rackspace Stock <\/p>\n

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.<\/p>\n

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\u2019s managed artificial intelligence platform.<\/p>\n

Global Deployment Scheduled Through 2028 <\/p>\n

Under the agreement, the infrastructure rollout will take place in phases across Rackspace\u2019s worldwide data center network beginning in late 2026 and continuing through 2028.<\/p>\n

The deployment is expected to significantly expand Rackspace\u2019s AI computing capabilities as enterprises increase investment in large-scale artificial intelligence applications and data-intensive workloads.<\/p>\n

Next-Generation AMD Hardware at the Core <\/p>\n

The platform will be built around AMD\u2019s latest AI and data center technologies, including Instinct MI355X and MI350P graphics processing units, alongside AMD EPYC central processing units.<\/p>\n

These components will be integrated into Rackspace\u2019s Enterprise AI Cloud architecture, which is designed to support enterprise customers operating in highly regulated industries.<\/p>\n

Healthcare organizations have already shown interest in the platform for clinical AI applications and large-scale inference workloads, according to the companies.<\/p>\n

Focus on Regulated Enterprise Markets <\/p>\n

Rackspace said the collaboration is specifically aimed at organizations that require secure, governed and compliant AI infrastructure.<\/p>\n

\u201cEnterprises in regulated industries need AI infrastructure that is governed from the ground up, with one operator accountable for business outcomes, not a collection of vendors each owning a piece,\u201d said Gajen Kandiah, CEO of Rackspace Technology.<\/p>\n

The company believes the integrated model will simplify AI deployment for businesses navigating complex regulatory requirements.<\/p>\n

Joint Sales Effort to Drive Customer Adoption <\/p>\n

Rackspace and AMD plan to dedicate commercial resources to expanding adoption of the new AI infrastructure offering.<\/p>\n

Teams from both companies will work together to identify opportunities and develop relationships with enterprise customers seeking advanced AI computing capabilities.<\/p>\n

The focus will be on organizations transitioning from experimental AI projects toward large-scale deployment of AI-powered workflows within core business operations.<\/p>\n

New Managed AI Services Planned <\/p>\n

The agreement is expected to accelerate the rollout of several AI-focused services, including Enterprise AI Cloud, Enterprise Inference Engine, Inference as a Service and Bare Metal AMD Instinct solutions.<\/p>\n

Together, these offerings are intended to create a new category of managed enterprise AI infrastructure, giving customers access to scalable computing resources designed to support increasingly sophisticated artificial intelligence applications.<\/p>\n

The partnership positions both companies to capitalize on growing demand for enterprise-grade AI platforms as organizations seek to move beyond pilot projects and deploy AI across mission-critical systems.<\/p>\n

Rackspace Technology stock price<\/p>\n

Advanced Micro Devices stock price<\/p>\n","protected":false},"excerpt":{"rendered":"data center servers NEW SIZE \u00a9BalticServers.com Major AI Compute Partnership Boosts Rackspace Stock Rackspace Technology (NASDAQ:RXT) shares surged…\n","protected":false},"author":2,"featured_media":740712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,254916,276,277,49,48,14372,263973,51398,2546,265861,61],"class_list":["post-740711","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-amd-technology","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-data-center","tag-enterprise-customers","tag-healthcare-organizations","tag-infrastructure","tag-rackspace","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/740711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=740711"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/740711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/740712"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=740711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=740711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=740711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}