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acquisitionAnnounced · May 8, 2026Cloud ServicesSource · CredibleArticle · Factual
AMD acquires Rackspace Technology
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
Deal value
—
Target
Rackspace Technology
NASDAQ: RXT · San Antonio, Texas
Acquirer
AMD
Partnership
Status
Non-Binding
AMD agreed to acquire Rackspace Technology. Reported deal value: Undisclosed. Status: Non-Binding. Sector: Cloud Services. Target headquarters context: San Antonio, Texas, United States.
This page summarizes publicly available information about the transaction as of 2026-05-08. Figures and status may change as filings and press coverage update.
RXT Stock Has Turned Into an AI Momentum Rocket Rackspace Technology shares surged more than 60% on May 7 after the company delivered a double catalyst: better-than-expected quarterly results and a major AI infrastructure partnership with Advanced Micro Devices
Deal timeline
Announced
May 8, 2026 · barchart.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Cloud Services. Figures and status may change as sources update.
Sources: barchart.com · Primary article · FireStrike proprietary index