RXT stock: Rackspace Technology (NASDAQ) $1.58 intraday Feb 18 2026: Palantir tie-up boosts outlook

RXT stock opened the intraday session on 18 Feb 2026 with a sharp uptick to $1.58 after Rackspace Technology, Inc. (RXT) announced a strategic partnership with Palantir. Trading volume surged to 373,255,431 shares vs an average of 1,609,805, driving a day range of $0.95–$1.71 on the NASDAQ in the United States. Investors are pricing the tie-up as a potential catalyst for managed AI and sovereign cloud deals even as the company shows mixed fundamentals and an upcoming earnings release on 26 Feb 2026.