Anthropic mega-deal ignites stock price, Akamai surges over 14% at market open

Odaily News: According to MSX.COM data, Akamai (AKAM.US) gapped up at the open and, as of press time, has gained over 14%.

On the news front, Akamai announced a major expansion of its partnership with Anthropic, securing a seven-year, $11.6 billion contract commitment from the AI company, marking yet another massive deal in the AI compute infrastructure space. This partnership will profoundly reshape Akamai's business structure. Alongside expectations of substantial capital expenditure, the company's cloud computing revenue is poised to surge in the coming years and could soon surpass its traditional cybersecurity and content delivery businesses.

According to the announcement, Akamai will leverage the distributed AI infrastructure and software of its cloud business to support Anthropic's rapidly growing CPU workload demands. There is room for further expansion of the partnership. Akamai disclosed that the deal allows for up to an additional $9 billion in future collaboration, bringing the potential total commitment to approximately $20 billion