TickerBrief

AKAM · Akamai Technologies, Inc.

Akamai Technologies Inc AKAM

Provides cloud computing, cybersecurity, and content delivery network services that help businesses secure and deliver online content.

Industry
Technology
Listed on
Nasdaq NMS
IPO
1999-10-29
Website
akamai.com

Daily brief

Akamai surges after landing $11.6 billion cloud deal with Anthropic

+3.20% to $113.94 from $110.41

What moved AKAM

  • Anthropic signed a seven-year, $11.6 billion contract with Akamai for CPU-based computing power to support its AI workloads.
  • The deal includes an option to expand the relationship by up to an additional $9 billion, for a total potential commitment of roughly $20 billion.
  • Akamai also issued Anthropic a warrant to buy Series B shares at $111.33 each, convertible into 7.7 million common shares.
  • Akamai stock rose as much as 14-21% on the announcement, with CoreWeave and Cloudflare shares also ticking up on the news.

Sources: Bloomberg · TechCrunch · Yahoo Finance · 24/7 Wall St.

Daily brief

Akamai jumps on expanded AI-security partnerships with MuleSoft, ITV

+0.79% to $118.34 from $117.41

What moved AKAM

  • Akamai shares rose after the company outlined an expanded collaboration with MuleSoft covering API and AI governance for enterprise customers.
  • Akamai also highlighted that broadcaster ITV is using its TrafficPeak service to protect high-volume streaming traffic during major sporting events such as the World Cup.
  • The announcements fueled investor optimism about Akamai’s positioning in AI-driven security services.

Sources: Yahoo Finance · GuruFocus

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