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Rackspace Hosting’s (RAX) new strategy of providing technical support and managed services for Amazon.com and Microsoft — former cloud computing rivals — is gaining traction, says RBC Capital, which Tuesday upgraded Rackspace stock to outperform. Rackspace was up 4% in early trading in the stock market today, near 30. But shares of the San Antonio company are still down more than 35% in 2015. AWS, e-commerce leader Amazon.com’s (AMZN) cloud Scalper1 News
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