Why Rackspace Technology Stock Is Finally Starting to Look Attractive

Rackspace Technology (RXT) is a company that's really come onto the scene in recent months. This is thanks to a high-profile partnership with Palantir (PLTR) to roll out Rackspace's proprietary operating model framework. It will govern private cloud, sovereign cloud, on-premises infrastructure, and other key platforms that require data, governance, security, and outcome control.

The ability for Rackspace to essentially integrate its core technology into Palantir's Foundry and Artificial Intelligence Platform (AIP) technologies makes Rackspace's offerings immediately more valuable. Therefore, this stock's movement during recent months makes sense.