Updated

Shares of Rackspace rose after the cloud computing company announced a partnership with Nvidia, though the rally comes as the company continues to carry a $2.8 billion debt load. The partnership is seen as a potential catalyst for Rackspace's positioning within the broader AI infrastructure market. Analysts noted that while the Nvidia tie-up has sparked early investor enthusiasm, Rackspace's balance-sheet constraints remain a key overhang on the stock's longer-term prospects.