How did the partnership affect Rackspace's stock?

The announcement of the partnership boosted Rackspace's stock in trading.

Were the financial terms of the deal disclosed?

The financial terms of the deal were not disclosed.

Rackspace Partners with AMD for AI Data Center Chips

Rackspace Technology announced a partnership with AMD to supply its AI data centers with AMD processors, sending Rackspace shares higher. The financial terms were not disclosed.

June 16, 2026

1 min read

Source: Barrons.com

Rackspace Technology has entered into a strategic partnership with Advanced Micro Devices (AMD) to power its AI data centers with AMD chips, as reported by Barron's. The news lifted Rackspace's stock in trading.

Partnership Details

Under the agreement, Rackspace will deploy AMD processors in its data centers to handle AI workloads. Financial terms were not disclosed, but the deal marks a strategic win for AMD in the data center market.

Context

The partnership comes amid intense competition between AMD and NVIDIA in the AI chip market. AMD has been seeking to expand its market share through deals with cloud and data center providers.

What It Means for Investors

The deal is a significant win for AMD in the data center segment, potentially boosting its revenue. For Rackspace, using AMD chips could improve cost efficiency and performance. Investors should monitor the partnership's impact on both companies' financial results.

Frequently Asked Questions

Rackspace Technology has partnered with AMD to use AMD processors in its AI data centers.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.