Rackspace Technology shares rise 1.64% premarket after launching next-gen AI-enabled cloud management platform.

Rackspace Technology, Inc. rose 1.64% in premarket trading, with the company launching the Rackspace Cloud Management Platform. This platform includes next-gen upgrades to the Rackspace Managed Cloud offering, providing customers with a single robust framework that leverages best-in-class AI-enabled tools. The upgrades empower organizations to streamline workload operations, accelerate digital transformation, and more efficiently manage modern hybrid and multicloud environments.