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Why Is RXT Stock Up? Rackspace’s 30MW AI Pivot vs. Debt and $250M Dilution Risk
Why Is RXT Stock Up? Rackspace’s 30MW AI Pivot vs. Debt and $250M Dilution Risk Rackspace Technology, Inc. (NASDAQ: RXT) surged as investors reacted to two major parts of its enterprise AI strategy: a definitive agreement to deploy an initial 30MW of AMD-based AI compute and an expanded operating framework with Palantir for regulated and…
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