Rackspace to Deploy 30 MW of AMD AI Compute in Multi-Year Agreement
AMD has more than doubled off its 52-week low of $115.06.
Summary
AMD and Rackspace Technology have signed a definitive agreement for a phased deployment of 30 MW of AMD AI compute, including Instinct GPUs and EPYC CPUs, across Rackspace's global data centers from late 2026 through 2028. This agreement operationalizes a Memorandum of Understanding announced on May 7, 2026, and reinforces AMD's strong momentum in securing AI GPU contracts and deployments. This is a significant, multi-year deployment deal that solidifies AMD's position in the enterprise AI infrastructure market, particularly for regulated industries, representing a tangible revenue stream and market share gain. Rackspace Technology has scheduled an investor call for today, June 16th, at 8:30 am ET to provide further details.
At the time of this announcement, AMD was trading at $551.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $892.4B. The 52-week trading range was $115.06 to $558.37. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.