Akamai Stock Soars on $11.6 Billion Anthropic Deal

Akamai Technologies Inc. has announced a significant $11.6 billion agreement with Anthropic, aimed at supporting the latter's increasing CPU workload demands through Akamai's cloud infrastructure over a seven-year period. Following the announcement, Akamai's stock surged by 16.66% to $128.80 in after-hours trading. The deal includes a warrant for Anthropic to purchase up to 7.7 million shares of non-voting convertible Series B Preferred Stock at an exercise price of $111.33 per share, with potential total commitments reaching $20.6 billion if additional purchases are made. Akamai anticipates capital expenditures related to the deal will total approximately $5.5 billion, with no expected impact on its 2026 revenue guidance.