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Barchart
Barchart
Ruchi Gupta

Why a $150 Million AI Pivot May Not Be Worth the Pain for Rackspace Stock Holders

Rackspace Technology (RXT) is a San Antonio, Texas-based hybrid cloud and artificial intelligence solutions company founded in 1998. It operates on two main segments: Private Cloud and Public Cloud. The company designs, builds, and manages end-to-end multicloud environments for enterprise customers across Amazon.com's (AMZN) Amazon Web Services, Microsoft's (MSFT) Azure, and Alphabet's (GOOG) (GOOGL) Cloud platforms, while offering private cloud managed services for highly regulated sectors including healthcare, financial services, government, and telecommunications.

Rackspace Technology Stock Crashes

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