Rackspace Triples After Palantir Deal, but Avoid the Stock at All Cost
Rackspace Technology (RXT) shares skyrocketed 227% following Wednesday's announcement of a strategic partnership with Palantir Technologies (PLTR). The stock, which had been…
Written byRich DupreySource: Money Morning – We Make Investing Profitable
Rackspace Technology (RXT) shares skyrocketed 227% following Wednesday's announcement of a strategic partnership with Palantir Technologies (PLTR). The stock, which had been languishing at around $0.42 per share, surged as investors reacted to the news of this AI-focused collaboration. The deal positions Rackspace as a key provider of governed managed operations for Palantir's Foundry data […]
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