Rackspace Technology News - June 2026

Rackspace hits 52-week high, boosted by RBC target and AMD AI deal

Rackspace Technology (RXT) shares reached a new 52-week high on June 18, 2026. The stock traded as high as $8.60 during the session. Royal Bank of Canada...

Rackspace Technology to Cut 15% of Workforce in Strategic Shift to AI

Rackspace Technology, Inc. announced a workforce realignment plan to accelerate its transformation into an operator for governed enterprise AI. The plan...