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Akamai Technologies Surges Up to 23% on Record $11.6 Billion Seven-Year Cloud Deal With Anthropic

By Market Flux··1 min read
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Akamai Technologies, Inc. $AKAM

$117.10+6.06%as of publication

5D Change
+9.18%
Volume
57
vs Average
14.2×
Market Cap
$16.05B

Akamai Technologies signed a seven-year, $11.6 billion cloud computing agreement with AI company Anthropic, its largest contract in company history, sending shares sharply higher on Friday. Under the deal, Anthropic will pay Akamai to handle CPU workloads on Akamai Cloud's distributed AI infrastructure, positioning the longtime content delivery network operator as a serious AI infrastructure provider.

Shares surged as much as 23% in premarket trading before settling around a 14-16% gain in regular session trading, with the stock reaching approximately $126-$127. The move placed Akamai among the top performers in the S&P 500 on the day and brought its year-to-date gain to roughly 39.9%. Peers CoreWeave and Cloudflare also ticked higher on the news.

The deal underscores the accelerating demand for computing capacity outside traditional hyperscale cloud providers as AI developers scale their workloads. Analysts noted Akamai's distributed edge infrastructure gives it a structural advantage in handling the kind of CPU-intensive tasks Anthropic requires, a dynamic that Wall Street is now pricing into the stock.

© AI-generated summary is provided by Market Flux

Sources

  1. marketwatch.comAkamai stock is surging. A $12 billion Anthropic deal reveals its powerful edge over cloud providers.
  2. Marketsday#US Stock Market – #PRE-MARKET NEWS BEFORE MARKET OPEN on 25th SEPTEMBER 2026 🔹 Akamai Technologies $AKAM surges in pre-market action following the announcement of an $11.6 billion, 7-year cloud infrastructure partnership with Anthropic. 🔹 Paramount Global $PARA slips sharply in early morning trade amid ongoing volatility across traditional legacy media holdings. 🔹 Scholastic $SCHL trends lower pre-market after posting downbeat fiscal first-quarter financial results. 🔹 Legacy Education $LGCY trades under pressure pre-market after delivering its full-year fiscal earnings report. 🔹 Broad market attention shifts to trade talks and upcoming Federal Reserve policy commentary to gauge Q4 economic growth expectations. #USMarkets #WallStreet #PreMarketUpdate #StockMarketNews #Nvidia #NVDA #Akamai #AKAM #MacroEconomy
  3. invezz.comAkamai stock surges 23% on $12B Anthropic AI cloud deal: why it could double
  4. BarronsS&P 500 Futures Climb in Premarket Trading; Akamai Technologies, Corteva Lead
  5. OpenOutcrier$AKAM (+16.9% pre) Akamai stock is surging on a massive new cloud deal with Anthropic
  6. Jonnajarian6️⃣0️⃣ Seconds $AKAM $INTC $META $AMD $GM $ZS $NKE 🦆🇨🇳 Duck Diplomacy With Xi, Pandas 🐼 Bound For Atlanta #ITSNOTANOPTION 📙 Bang! 💥 RebelCon 2026 Oct 19-21 Vegas 👉
  7. ZerohedgePremarket movers: Mag 7 stocks are mostly higher (Tesla (TSLA) +1.1%, Nvidia (NVDA) +0.7%, Amazon (AMZN) +0.6%, Alphabet (GOOGL) +0.4%, Apple (AAPL) +0.1%, Microsoft (MSFT) little changed, Meta Platforms (META) -0.5%). Akamai Technologies (AKAM) rallies 20% after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Atlas Energy (AESI) gains 6.9% after it announced a purchase agreement with Wyoming Machinery Company for $340.5 million of Balance of Plant equipment for a power generation project. The companies also separately agreed to a 328 megawatt power deal under an agreement with Caterpillar Inc. Comcast Corp. (CMCSA) is down 1.9% after KeyBanc Capital Markets cut its recommendation to underweight from sector weight on weakness in broadband. Nike Inc. (NKE) is down 2% after BofA cut its recommendation on the athletic footwear and apparel company to underperform from neutral, and pushes the expectation for a sales turnaround into F2028. Nike reports 1Q earnings on Oct. 1. People Inc. (PPLI) jumps 9.9% on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant. Twilio Inc. (TWLO) is down 3.5% as HSBC downgrades the communications software company to reduce from hold, seeing “limited evidence that Twilio will capture higher-margin AI software” revenue. Zscaler (ZS) falls 3.4% after the security software company announced the appointment of Ross Tackett as chief revenue officer, effective Oct. 1.
  8. 247wallst.comAkamai Surges 15% on $11.6B Anthropic Cloud Deal; CoreWeave and Cloudflare Tick Up
Show 6 more
  1. AlphaspaceAkamai just became the market's newest AI infrastructure winner, striking an $11.6 billion, seven-year deal to handle Anthropic's CPU workloads. $AKAM spiked as much as 20% after-hours on the news.
  2. schaeffersresearch.comAkamai Technologies Stock Pops After Anthropic Deal
  3. NasdaqS&P 500 Movers: GDDY, AKAM
  4. proactiveinvestors.comAkamai signs $11.6 billion cloud deal with Anthropic
  5. investopedia.comAkamai Stock Soars on $11.6 Billion Deal With Anthropic
  6. MarketRebelsStocks expected to have increasing option volume: $COST $AKAM $PPLI $MGM $WBD $PSKY $UNG $BHF