Rackspace Technology Stock Surges 13% After Joining NVIDIA Cloud Partner Program with Palantir Integration

Rackspace Technology Joins NVIDIA Cloud Partner Program

Rackspace Technology shares climbed 13% in pre-market trading Thursday after announcing its entry into the NVIDIA Cloud Partner Program and unveiling a strategic infrastructure integration with Palantir Technologies1

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. The NVIDIA partnership represents a meaningful strategic repositioning for the enterprise AI infrastructure provider, which has been trading well off its 52-week high of $8.60 after touching a 52-week low of $0.393 earlier this year2

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. RXT stock was up 233.68% year-to-date, advancing 129.79% over the last year1

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Institutional Sovereign Pod Launches with NVIDIA Blackwell and Palantir Integration

Rackspace Technology launched the Institutional Sovereign Pod on September 10, 2026, combining NVIDIA Blackwell architecture with Palantir Foundry and Palantir AIP within a governed private cloud environment operated by Rackspace1

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. This governed AI architecture targets regulated enterprises and government organizations requiring data sovereignty and operational control for production workloads1

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. The solution addresses critical requirements for data residency, governance, compliance and security while helping customers transition from deployment to production faster3

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Strategic Focus on Regulated Sectors and Production-Ready AI

Combining two high-profile technology brands under a sovereign AI infrastructure offering gives Rackspace Technology a differentiated product aimed at clients in heavily regulated sectors such as defense, finance, and government, where data sovereignty requirements limit the use of public cloud alternatives2

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. CEO Gajen Kandiah emphasized the shift toward operational accountability, stating that enterprise AI is becoming production infrastructure where the question is no longer simply who provides the GPU but who is accountable for operating the complete system1

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. For clients with non-negotiable governance requirements, Rackspace's role is to make the entire system work and remain accountable for the outcome1

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Partnership Delivers Accelerated Computing with Operational Control

Under the NVIDIA Cloud Partner Program, Rackspace Technology will fulfill the role of governed operator, integrating NVIDIA's accelerated computing foundation and software with its own managed operations and governed private cloud systems1

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. The company will support NVIDIA technologies across all layers of the enterprise AI stack, with competencies in Compute, Networking, Visualization and NVIDIA Enterprise Software3

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. Sameer Kirtane, Palantir's Head of US Commercial, noted that bringing Palantir Foundry and Palantir AIP together with NVIDIA accelerated computing and Rackspace's managed infrastructure creates a foundation for organizations to move AI into production while maintaining the governance and sovereignty their most critical operations require1

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. Raj Mirpuri, vice president of global AI clouds and infrastructure ecosystem at NVIDIA, reinforced that together NVIDIA and Rackspace can help more organizations put AI into production securely, efficiently and at scale1

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