Rackspace Technology Inc. /zigman2/quotes/219801308/composite RXT +2.64% shares rallied Monday following a report that Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.48% was in early talks to invest in the cloud-technology services company. Rackspace shares jumped as much as 19% in early trading and were last up 11% at $18.44. On Monday, Reuters reported that Amazon was looking to acquire a minority stake in Rackspace. The company re-emerged as a publicly traded one earlier in the month and shares dropped 22% on their first day. Rackspace is 65% owned by Apollo Global Management Inc. /zigman2/quotes/203829595/composite APO +1.54% , which acquired the company for $4.3 billion back in 2016.. Apollo shares were last up 2.5% at $48.55.