Rackspace shares jump after joining Nvidia Cloud Partner Program

M&A · PartnershipProduct / Tech
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Rackspace Technology shares rose more than 6% in premarket trading Thursday after the company joined the Nvidia Cloud Partner Program. The partnership will strengthen Rackspace's ability to provide and manage NVIDIA-powered AI computing for regulated and sovereign enterprises. Chief executive officer Gajen Kandiah said AI sovereignty is ultimately about control of data, models and the intelligence an organization creates, adding that NVIDIA provides the accelerated computing foundation while Rackspace brings the infrastructure, engineering and operations required to run it in production. Rackspace also said its new Institutional Sovereign Pod, a governed AI infrastructure architecture, will bring together NVIDIA's Blackwell technology with Palantir's Foundry and AIP platforms to give enterprises control over their data, models and AI environments. Rackspace provides forward-deployed engineering and managed operations for the environment, helping customers move from deployment to production faster and reach value sooner.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Rackspace joins the Nvidia Cloud Partner Program, expanding distribution of NVIDIA-powered AI computing to regulated and sovereign enterprises.

Palantir Technologies Inc.
PLTR
▲ PositiveDemandrelevance

Rackspace's new Institutional Sovereign Pod will integrate Palantir's Foundry and AIP platforms, extending Palantir's enterprise AI reach.

Cloud & Digital Infrastructure▲ · 1 stocks
Rackspace Technology Inc
RXT
▲ PositiveDemandrelevance

Rackspace joined the Nvidia Cloud Partner Program and launched its Institutional Sovereign Pod, strengthening its AI infrastructure offering for enterprises.

Theme Impact 3

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