Rackspace Technology has joined the NVIDIA Cloud Partner Program to enhance its ability to deliver NVIDIA accelerated computing solutions for regulated and sovereign enterprises. This collaboration allows Rackspace to advance its AI Cloud strategy by providing the infrastructure and operational models needed for organizations to maintain control over their data and AI environments. Rackspace's new Institutional Sovereign Pod incorporates NVIDIA Blackwell architecture with Palantir software, enabling enterprises to operate AI at scale while maintaining sovereignty, security, and control. As AI transitions to production environments, this partnership positions Rackspace as a key player in delivering governed AI infrastructure.

• NVIDIA (NasdaqGS:NVDA) last closed at $218.36 down 2.4%.

In other market news, Shanghai Enflame Technology (SHSE:688801) was a notable mover up 179.9% and closing at CN¥397.98. At the same time, Alchip Technologies (TWSE:3661) softened, down 9.9% to finish the session at NT$3,655.00.

NVIDIA's strategic AI advancements promise significant potential gains amidst digital transformation trends. Click to explore the compelling story behind NVIDIA's growth strategy and opportunities.

Additionally, don't miss our Market Insights article on the explosive impact of AI Chips on Korea's KOSPI index and its broader implications. Act swiftly to understand the rapid shifts!

Best AI Chip Stocks

• Broadcom (NasdaqGS:AVGO) settled at $360.83 down 1%. This week, Broadcom announced a fixed-income exchange offer for 4.926% notes due 2037, with a principal amount of $654.004 million.
• Advanced Micro Devices (NasdaqGS:AMD) ended the day at $503.60 down 3.4%. On Thursday, AMD announced the release of Backline, an open-platform solution for rapid communication between quantum and classical computing hardware, co-designed with Xanadu Quantum Technologies.
• Micron Technology (NasdaqGS:MU) finished trading at $977.41 down 4.9%.

Turning Ideas Into Actions

• Explore the 121 names, such as China Resources Microelectronics, Semtech and Amkor Technology, from our AI Chip Stocks screener here.
• Looking For Alternative Opportunities? The end of cancer? These 34 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Rackspace Joins NVIDIA Cloud Partner Program, Announces NVIDIA Blackwell-Powered AI Infrastructure for Regulated Enterprises and Governments" from Rackspace US, Inc. on GlobeNewswire (published 10 September 2026)

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