Rackspace Technology's $2B loan gained value after a data center deal with AWD, as credit markets reward the cloud provider amid the AI infrastructure boom.

Rackspace shares surged 30% after signing a definitive agreement with AMD for 30 MW of AI compute capacity targeting regulated enterprise workloads through

Rackspace Technology's $2B loan gained value after a data center deal with AWD, as credit markets reward the cloud provider amid the AI infrastructure boom.