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Published 19 hours ago • loading... • Updated 16 hours ago

Rackspace’s AI Run Faces $150 Million Hurdle

Summary by ts2.tech

NEW YORK, July 9, 2026, 14:03 EDT Rackspace Technology Inc (NASDAQ:RXT) dropped 29% to $4.67 on Thursday, pulling back from an earlier high of $7.45 in intraday trade. The company lowered its 2026 revenue midpoint by $150 million. About 83% of the cut is tied to Public Cloud. Rackspace Technology, Inc. (Rackspace Technology, Inc.) set…

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16 hours ago·United States

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Rackspace’s AI run faces $150 million hurdle

NEW YORK, July 9, 2026, 14:03 EDT Rackspace Technology Inc (NASDAQ:RXT) dropped 29% to $4.67 on Thursday, pulling back from an earlier high of $7.45 in intraday trade. The company lowered its 2026 revenue midpoint by $150 million. About 83% of the cut is tied to Public Cloud. Rackspace Technology, Inc. (Rackspace Technology, Inc.) set…

22 hours ago

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ts2.tech broke the news 22 hours ago on Thursday, July 9, 2026.

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