Advanced Micro Devices finalized a definitive agreement with Rackspace Technology to deploy 30 megawatts of AI compute power. The project will utilize AMD Instinct GPUs and EPYC CPUs to power a governed Enterprise AI Cloud for regulated industries. Deployment is scheduled across Rackspace’s global data centers between late 2026 and 2028. This deal formalizes a memorandum of understanding previously announced in May.
AMD shares rebounded in Wednesday’s premarket trading following a 7.3% decline during the previous session. The Rackspace agreement provided a positive catalyst for investors after Tuesday’s sell-off. Market analysts attributed the prior drop to broader tech sector volatility and profit-taking.