Rackspace Shares Jump 30% After Securing AMD-Powered AI Infrastructure Agreement (RXT) — Live Feedhttps://www.live-feeds.com/feed/rackspace-shares-jump-30-after-securing-amd-powered-ai-infrastructure-agreement-rxtContinuously updated, source-cited coverage. Rackspace Shares Jump 30% After AMD AI Infrastructure Dealhttps://www.live-feeds.com/feed/rackspace-shares-jump-30-after-securing-amd-powered-ai-infrastructure-agreement-rxthttps://www.live-feeds.com/feed/rackspace-shares-jump-30-after-securing-amd-powered-ai-infrastructure-agreement-rxt#u2020Wed, 17 Jun 2026 01:47:16 +0000Rackspace Technology shares surged 30% following a definitive agreement with AMD to deploy 30 MW of AI compute infrastructure. The deal solidifies AMD as a key technology partner in Rackspace’s AI platform, driving investor optimism despite recent layoffs. Stock rallied to its highest level since May 15, 2026, amid strong AI infrastructure demand. The partnership formalizes a May 2026 memorandum and targets regulated enterprise workloads.What's confirmed:Rackspace Technology shares surged 30% after announcing a definitive agreement with AMD to deploy 30 MW of AI compute infrastructure.The deal