Rackspace is pivoting its business model towards high-margin, managed AI cloud services by partnering with Palantir and AMD, focusing on regulated industries. The company employs an asset-light strategy that avoids heavy capital expenditures, emphasizing enterprise AI workloads and consulting revenue to support a path toward GAAP profitability. Despite modest 2% year-over-year revenue growth and improved operating loss, Rackspace trades at a significant price-to-sales discount compared to peers, suggesting potential for a stock rerating. However, successful execution and revenue growth are critical, especially given the company's high debt and the volatile AI sector environment.
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...
