Rackspace Technology (RXT) shares have stunned the market with a historic 265% vertical climb over the last five trading days, fueled by a high-stakes strategic partnership with Palantir (PLTR).
The deal, which integrates PLTR’s artificial intelligence (AI) platform into its private cloud, has sparked a “Hail Mary” rally for a stock that was hovering at a year-to-date low of $0.41 just weeks ago.
