Pivotal-Point Tracking Rackspace Technology (RXT): 30-MW AI Agreement with AMD Triggers Massive Price Jump
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Rackspace Technology offers IT services and manages complex multicloud infrastructures. On June 16, 2026, the company entered into a final partnership with the chip manufacturer AMD, leading to a massive price jump. The binding contract stipulates the gradual installation of 30 megawatts of AMD Instinct graphics processors and EPYC CPUs in Rackspace's global data centers from the end of 2026 to 2028. This makes AMD the central semiconductor partner for Rackspace's AI infrastructure to serve regulatory-demanding clients. The cloud specialist greatly...
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