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