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SAN ANTONIO, May 7, 2026, 09:09 (CDT) Shares of Rackspace Technology soared roughly 57% Thursday morning, lifted by news of a multiyear partnership with Advanced Micro Devices to develop managed AI infrastructure for regulated industries. The company also swung back to a quarterly net profit. RXT changed hands at $3.56, having earlier hit $4.21. AMD was off about 1.4%, last quoted at $415.57. Timing is key here. Businesses aren’t just tinkering with AI anymore—they’re deploying these tools in production, where uptime, data sovereignty, and legal exposure become pressing headaches. Rackspace and AMD are pitching their “Enterprise AI Cloud” at exactly

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