Akamai Technologies (NASDAQ:AKAM) stock is powering up the Nasdaq today , last seen up 14.2% to trade at $126.10.
Akamai has agreed to supply cloud computing services to Anthropic.
Akamai Technologies, Inc. (AKAM) Discusses Landmark Multi-Billion Dollar Cloud Infrastructure Contract and Impact on Business Growth Transcript
Akamai Technologies NASDAQ: AKAM said it has signed an $11.6 billion, seven-year commitment with artificial intelligence company Anthropic to provide cloud infrastructure services supporting Anthropic's accelerating CPU workload demands.
The deal provides for a potential $9 billion expansion, representing a total potential commitment of around $20 billion, Akamai said.
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The latest trading day saw Akamai Technologies (AKAM) settling at $105.57, representing a -1.14% change from its previous close.
Akamai Technologies, Inc. (AKAM) Presents at Citi's 2026 Global TMT Conference Transcript
Investors need to pay close attention to AKAM stock based on the movements in the options market lately.
Akamai Technologies, Inc. AKAM is benefiting from solid demand in the Cloud Infrastructure Services (CIS) segment. The segment generated $99 million of revenues in the second quarter of 2026, up 39% year over year.
Akamai's AI infrastructure push is gaining cloud momentum, but Delivery weakness and rising investment costs test the growth story.
Akamai beat Q2 revenue and adjusted EPS estimates as AI infrastructure and cybersecurity demand grew, but rising investment costs weighed on profitability.