Rackspace is strategically expanding its high-margin Private Cloud segment, which currently makes up 39% of revenue with a 21.8% operating margin, while reducing dependence on the low-margin Public Cloud business. The company’s partnership with AMD aims to build up to 30 MW of AI infrastructure by 2028, potentially generating $450–600 million in annual revenue with over 50% adjusted EBITDA margin. Despite GAAP losses caused by Apollo’s leveraged buyout, both cloud segments remain operationally profitable. The company holds a conditional Buy rating, contingent on managing its high debt and funding AI growth internally.
Rackspace stock is the subject of this update, with Pluang data providing market context. Among 150 priced Technology-sector US stocks on Pluang, 68 rose and 71 fell today. Notable movers include Atomera Incorporated at USD 4.12 with 100% buy activity, Cognizant Technology Solutions Corp at USD 55.50 down 2.36%, and Nebius Group NV at USD 242.40 up 2.13%, as of Sep 30, 2026 17:02 WIB.
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An address on Aster DEX held a 5x leveraged long position of 1.38 million ASTER tokens valued at $1.05 million as of September 30. This position generated an unrealized profit of over $137,000, representing a 65.36% return. The profit remains unreali...
Pendle Finance introduced a fixed-yield market for the USDG stablecoin on Robinhood Chain, allowing users to lock in a fixed return backed by T-bills with a maturity date in March 2027. This new product offers a predictable yield, unlike the variable...
