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Ruchi Gupta

Cutting Jobs and Chasing AI: How to Play the Rackspace Stock Transformation Story Here

Rackspace AMD RXT Rackspace Technology

Rackspace Technology (RXT) is an end-to-end hybrid cloud and AI solutions company serving over 70,000 customers across 120 countries. Under the leadership of CEO Gajen Kandiah, who was appointed in September 2025, Rackspace is executing a sharpened AI-first turnaround strategy built around one core differentiator: governed enterprise AI infrastructure for regulated industries. Unlike hyperscalers who sell raw compute, Rackspace designs, builds, runs, and remains accountable for AI outcomes, making it a trusted full-stack partner for mission-critical environments in healthcare, banking, financial services, insurance, and energy.

Rackspace recently announced job cuts as well as a fresh partnership. Let's take a closer look at what's going on with RXT stock now.

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