Anthropic Commits $11.6 Billion to Akamai Cloud Over 7 Years
The pact could expand by another $9 billion.
The pact could expand by another $9 billion.
Akamai stock jumps after $1.8B AI deal. Earnings were steady, outlook slightly weak, but big AI contract drives optimism.
Akamai smashed Q4 revenue and profit forecasts thanks to strong security & cloud growth, but warned of higher memory chip costs from the AI boom. Q1 profit guidance missed Wall Street estimates.
Morgan Stanley upgrades Akamai to Overweight, raising its price target to $115 as growth prospects improve across cloud, security, and compute services.
Morgan Stanley and KeyBanc updated their views on major tech stocks, upgrading Doximity, Asana, and Akamai, while downgrading ServiceNow and Adobe as part of their 2026 outlook.