Rackspace Technology shares are trading higher after the company reported better-than-expected Q2 financial results.

Kirby McInerney LLP Alerts Investors Who Acquired Bloom Energy Corporation BE Securities Between February 27, 2025 and July 8, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Bloom Energy Corporation for allegedly making false statements about its reliance on Chinese scandium supplies. A short-seller report on July 8, 2026 revealed that Bloom Energy sourced scandium from China through intermediaries despite claiming minimal China supply chain dependence, causing the stock to fall 5.7%. The firm is seeking lead plaintiffs with a September 28, 2026 deadline.

Kirby McInerney LLP Alerts Investors Who Acquired Rackspace Technology, Inc. RXT Securities Between May 7, 2026 and July 8, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Rackspace Technology for allegedly making false statements about its business transition to enterprise AI. The lawsuit covers investors who purchased RXT securities between May 7, 2026 and July 8, 2026. Rackspace's stock fell 33.6% on July 9, 2026 after the company revealed significant revenue guidance cuts of $150 million and disclosed that AI investments would require major resource reallocation away from profitable segments.

QUICK SPARK: UBS Tags Palantir 'Best AI Enabler'

UBS calls Palantir the top enterprise AI enabler as Nvidia, FAA and other partnerships continue to expand its reach.

Shares of IT Services companies are trading higher. The sector may be rallying in response to AI executives from firms including Anthropic, OpenAI and SpaceXAI signaling that the industry's growth may have to be slowed, which may limit threats to IT Service vendors.