Akamai surges on $11.6 billion Anthropic deal
AKAM•Akamai shares surged 21% premarket after signing a seven-year, $11.6 billion cloud services deal with Anthropic. The contract includes a warrant that could give Anthropic up to a 5% stake, while Akamai estimates about $5.5 billion in related initial capex.
1. Deal and investment
Akamai signed a seven-year, $11.6 billion cloud services contract with Anthropic. A warrant gives Anthropic the right to purchase shares that could convert into a stake of up to 5% in Akamai. Akamai estimates total capex related to the initial commitment at about $5.5 billion and expects its 2026 capex to increase by around $1.7 billion.
