Stock Market Today, May 8: Rackspace Surges on AMD AI Cloud Agreement

Expand NASDAQ: RXT Rackspace Technology Today's Change (55.97%) $1.97 Current Price $5.49 Key Data Points Market Cap $869M Day's Range $3.75 - $6.00 52wk Range $0.39 - $6.00 Volume 152M Avg Vol 30M Gross Margin 12.59% Rackspace Technology (RXT +55.97%), a provider of end-to-end multi-cloud technology services, closed at $5.49, up 55.97%. Shares surged after the company announced an AI cloud infrastructure partnership with AMD focused on governed enterprise AI for regulated customers, and investors are watching how this collaboration could drive future demand.