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Rackspace and AMD strike 30 MW AI compute deal, sending stock higher

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Source: Yahoo Finance
Rackspace and AMD strike 30 MW AI compute deal, sending stock higher
Photo: Yahoo Finance
TL;DR Summary

Rackspace Technology shares jumped about 30% after announcing a definitive agreement with AMD to deploy 30 megawatts of AMD-powered AI computing infrastructure across its global data-center network through 2028, featuring AMD Instinct GPUs and EPYC CPUs within the Enterprise AI Cloud to support regulated industries, with a joint sales push to accelerate enterprise adoption of the new managed AI infrastructure.

Topics:business#ai-infrastructure#amd#artificial-intelligence#enterprise-ai#rackspace-technology#technology
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  1. Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT)  Yahoo Finance
  2. Why This AI Data Center Stock Is Surging 25% on an AMD Partnership  Barron's
  3. AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute  AMD
  4. Rackspace surges after 30 MW AI compute deal with AMD; cuts 15% jobs  Seeking Alpha
  5. This little-known AI stock has beaten Micron and Arm this year, and now it’s extending its lead  MarketWatch

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