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AMD Secures Major Enterprise AI Compute Deal with Rackspace to Power Long-Term Growth

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The Story

News Summary

  • Rackspace Technology announced a major agreement with AMD to deploy up to 30 megawatts of dedicated compute capacity for enterprise AI workloads from 2026 to 2028.
  • Alongside this, Rackspace is cutting 15% of its workforce to realign resources toward its governed AI enterprise buildout.
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AMD price history

493.41 +139.37% over the displayed period

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