Rackspace Technology (RXT) Stock Surges 12% After Joining NVIDIA Cloud Partner Program

TLDR

• Rackspace Technology stock surged 12.4% in pre-market trading on September 10, 2026
• The company joined the NVIDIA Cloud Partner Program, gaining access to NVIDIA Blackwell GPU technology
• Rackspace launched its Institutional Sovereign Pod, combining NVIDIA Blackwell, Palantir Foundry and AIP in a private cloud environment
• The offering targets regulated sectors including defense, finance, and government clients
• The stock moved toward $3.641 in pre-market, still well below its 52-week high of $8.60

Rackspace Technology stock jumped 12.4% in pre-market trading Thursday after the company announced it joined the NVIDIA Cloud Partner Program. The stock was trading around $3.641 in pre-open activity, still a long way from its 52-week high of $8.60.

Rackspace Technology, Inc., RXT

The company had touched a 52-week low of $0.393 earlier this year, so this move marks a meaningful shift in momentum.

The NVIDIA partnership gives Rackspace the ability to deliver Blackwell GPU-powered computing to enterprises in regulated industries. These are customers who cannot simply move workloads to public cloud providers due to data sovereignty rules.

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