Akamai Technologies, Inc. AKAM

September 2026: Akamai inks a long-term cloud/AI infra deal with Anthropic, committing $11.60 billion over seven years, with potential expansion to about $20.00 billion and warrants for Anthropic to buy about 5% of Akamai equity via non-voting convertible preferred shares. The agreement shifts Akamai’s mix toward large‑scale compute workloads and AI infrastructure, reinforcing the near‑term growth narrative alongside 2027 earnings guidance of $150 million to $300 million, and signals a material increase in capital expenditure. The deal is the centerpiece of Akamai’s AI strategy, more central than NVIDIA or Deloitte partnerships, but it also heightens exposure to capital intensity and customer concentration risk tied to Anthropic. Analysts’ scenarios vary, with some aiming higher revenue/earnings by 2029; the long runway hinges on Akamai delivering on infra growth and balancing the balance sheet. A multi-year, large-scale Anthropic deal could meaningfully reframe Akamai’s growth trajectory while raising capex and customer-concentration risks.

Akamai Technologies struck a long-term deal with AI firm Anthropic to provide computing services over seven years, at $11.6 billion with an option to add up to $9 billion if more compute is needed. Anthropic will rely on Akamai's cloud infrastructure, a move analysts say could be transformative for Akamai's business. Annual recurring revenue from the deal is more than five times Akamai's 2025 cloud infrastructure services revenue ($314 million) and about 40% of its total $4.2 billion revenue. Guggenheim notes the ARR scale suggests a material, durable uplift, making the agreement a potential growth catalyst for Akamai. A seven-year, multi-billion AI compute deal with Anthropic could substantially lift Akamai's ARR and shift its growth trajectory.

Akamai authorized Jabil to buy about $1.7 billion of memory components on Akamai's behalf, triggering a roughly 4.8% intraday jump for JBL before cooling to about 2.9%. On the same day, Akamai expanded its seven-year contract with Anthropic to about $11.6 billion, with capital spending tied to the deal totaling around $5.5 billion and 2026 capex rising by about $1.7 billion to pre-purchase components, including memory. Jabil has been Akamai's contract manufacturer since 2019; the filing does not specify how much of the $1.7 billion Jabil keeps. The piece notes a prior Goldman Sachs price-target cut for JBL and places the stock's move in the context of Akamai's AI-related expansion, though it is not a direct earnings update for AKAM. AI-driven Anthropic deal and large memory pre-purchases imply meaningful lift to Akamai's growth potential and higher near-term capex, likely affecting its trajectory.

Akamai Technologies signed an $11.6 billion seven-year deal with Anthropic to provide distributed AI compute capacity, potentially growing to about $20 billion. The contract is large relative to Akamai’s roughly $16 billion market cap and centers on a single customer, raising concentration risk. Anthropic issued a warrant for up to ~5% of Akamai, diluting existing shareholders to secure capacity. Revenue from the contract starts in the second half of 2027 and reaches about $1.7 billion annually by late 2028, while Akamai plans roughly $5.5 billion in capex to build the requested capacity. The arrangement marks a dramatic shift from Akamai’s traditional content-delivery business to AI infrastructure, effectively making Akamai an AI compute supplier. Investors will monitor cash burn and capital allocation over the next quarters as the project unfolds. Massive pivot to AI compute with a long cash burn, single-customer concentration, and equity dilution, creating significant upside alongside material execution risk.

Shares of Akamai Technologies jumped 15.1% in pre-market trading after a seven-year agreement with Anthropic to provide dedicated cloud capacity and managed services, totaling about $11.6 billion in contractual commitments with potential expansion to roughly $20 billion. The deal, under an existing Master Services Agreement, will support Anthropic’s CPU workloads on Akamai Cloud. Akamai also granted Anthropic warrants for up to 5% of its common stock. The arrangement was disclosed in an SEC filing and a GlobeNewswire release. While Akamai remains highly volatile, the news marks a meaningful strategic partnership that could boost long-term revenue visibility and investor sentiment; Akamai has risen about 43% this year but sits roughly 24% below its 52-week high. Seven-year, $11.6B cloud capacity deal with Anthropic could meaningfully shift Akamai's revenue trajectory and market perception.

Akamai Technologies' stock rose after expanding its cloud infrastructure deal with Anthropic, the AI model maker. Anthropic commits $11.6 billion in cloud services over seven years, with potential additional $9 billion, bringing total up to over $20 billion. A warrant grants Anthropic about 5% of Akamai via convertible preferred stock at $111.33 per share, with 2% vesting now and the rest vesting as commitments expand. Akamai will support Anthropic's CPU workload needs, signaling a shift from GPU-centric training to CPU-based inference. The arrangement positions Akamai as a key provider of distributed computing for AI developers and may accelerate its expansion; the company had previously disclosed $2.8 billion in multi-year cloud commitments. Multi-billion cloud commitments and equity incentives with Anthropic create a significant growth catalyst and expand Akamai's AI infrastructure footprint.

Akamai signed a seven-year, $11.6 billion deal with Anthropic to supply dedicated cloud capacity and related services, expanding its AI infrastructure. Management expects the agreement to add about $150 million to $300 million in 2027 revenue, enabling an acceleration in growth. Morgan Stanley reiterates an Overweight rating with a $165 target and now projects roughly 16% revenue growth in 2027, up from 12.5%; DA Davidson highlights demand across AI workloads such as robotics, voice agents, and real-time video supported by Akamai Cloud. Oppenheimer estimates about $5.5 billion in CapEx to build capacity, roughly $70 million per megawatt, with a $1.7 billion memory pre-buy accounted for. UBS and RBC lift targets; Guggenheim sees $20B potential. The deal strengthens Akamai's AI infrastructure strategy and expands its addressable opportunity, with analysts positive on the stock. The $11.6B Anthropic deal and related capex plan could materially accelerate Akamai's growth trajectory and investor sentiment.

Anthropic will spend $11.6 billion over seven years on Akamai’s cloud infrastructure, the largest deal in Akamai’s history and more than six times a previously reported $1.8 billion agreement. The deal is non-binding and contingent on delivery and service-availability milestones; either party can terminate under certain conditions. Akamai won’t recognize revenue in the current year, but expects about $150–$300 million in 2027 and roughly $1.7 billion in annual revenue by end-2028, funded by around $5.5 billion of capacity expansion plus $1.7 billion of upfront capex. Anthropic receives a warrant to purchase nonvoting preferred stock convertible into about 7.7 million AKAM shares at $111.33, representing up to ~5% of outstanding stock; vesting and milestones could push total potential exposure to about $20 billion. The warrant-carrying cloud deal is a first for Akamai; shares rose in after-hours trading. A multi-year, multi-billion cloud deal plus an equity-linked component could significantly alter Akamai's growth trajectory and capital allocation.

Investing.com’s weekly stock-picks note Akamai’s 7.5% weekly gain after expanding its relationship with Anthropic to $11.6 billion in commitments over seven years, with potential to add up to $9 billion. The stock opened Friday around $125.23 but traded back to about $115.50 intraday. DA Davidson analyst Rudy Kessinger reiterated a Buy rating with a $185 target, noting margins around 30% at full revenue run-rate on the CIS commitments and suggesting future growth and EPS could rise. The move underscores Akamai’s AI-enabled data-delivery and cloud-security positioning, in line with other AI-focused names highlighted by Investing.com’s stocks of the week. A large, multi-year contract with Anthropic could materially lift Akamai's revenue and margins, signaling a meaningful strategic inflection.

Anthropic commits seven-year, $11.6 billion to Akamai for cloud infrastructure, covering CPU workloads. Akamai says roughly $5.5 billion of related capital spending; Reuters reports a warrant could grant Anthropic up to 5% of Akamai, with an additional $9 billion of business that could expand the relationship. The deal does not confirm workloads moving from AWS, but it deepens Anthropic’s computing capacity with Akamai. For Amazon investors, gains from Anthropic investments lift reported earnings without AWS sales rising, while the extent of future AWS share of expanding compute budget remains unclear. Akamai gains a major AI-focused customer and sizable capital spending that could boost revenue if the relationship scales. Major AI-focused deal expands Akamai's compute exposure and revenue opportunities, contingent on scale of adoption.

AKAM shares jumped after Akamai signed an $11.6 billion multi-year cloud infrastructure deal with Anthropic, with an option to expand by $9 billion, anchoring AI-scale compute workloads for the next decade. The win comes alongside hardware deals, including a three-year Master Products and Services Agreement with Lenovo and a new build-and-repair partnership with Jabil to ensure server capacity for the multi-billion-dollar commitments. The stock had been in a sharp downtrend, roughly 27% below its year-to-date high, though RSI in the mid-50s indicates ongoing buying pressure. Wall Street remains broadly constructive, with a Moderate Buy consensus and a mean target near $155, implying about 35% upside. These enterprise AI infrastructure contracts and hardware arrangements are viewed as scaffolding for higher-margin software and cloud revenue growth. Anthropic deal and related hardware partnerships create a path to higher-margin cloud revenue and scalable AI infrastructure for Akamai.

AKAM signed an $11.6 billion agreement with Anthropic that improves visibility into its cloud business. The deal ties Akamai more closely to Anthropic's AI initiatives, signaling a push to expand enterprise cloud services and AI-enabled offerings. The premium article does not disclose terms beyond the price and impact on near-term revenue, but the arrangement is positioned to bolster investor confidence in Akamai's cloud revenue visibility and potential growth in AI-related markets. The $11.6 billion Anthropic deal may notably enhance Akamai's cloud revenue visibility and AI-related growth prospects.

AI momentum lifts markets as Akamai surges after an $11.6 billion cloud-services deal with Anthropic. Akamai jumped about 15% in after-hours trading, though gains cooled in the morning, as the agreement positions it as a serious AI infrastructure provider. Tech and utilities led gains while energy and communications lag. Yields rose, with the 10-year Treasury at about 5.21%. Moderna extended gains and Zscaler fell on management changes. The Motley Fool notes Akamai wasn’t among its current top stock picks, underscoring a long-term, quality-focused approach despite AI-driven optimism. Anthropic deal is a large cloud-services contract that could meaningfully expand Akamai's AI infrastructure business.

RBC says Akamai’s up-to-$20 billion cloud infrastructure deal with Anthropic could expand Akamai’s addressable market, strengthening growth prospects as AI workloads drive demand for cloud delivery, security, and optimization services. The deal broadens Akamai’s reach beyond traditional CDN offerings into AI-centric cloud infrastructure, potentially boosting revenue opportunities and investor sentiment. Expands Akamai's addressable market and potential revenue, signaling a meaningful growth driver.

Akamai stock jumped after signing a seven-year deal with Anthropic to support its AI workloads, worth $11.6 billion over the term. Anthropic will pay Akamai to host and scale CPU workloads using Akamai Cloud’s distributed AI infrastructure, helping Claude maker Anthropic meet accelerating demand. As part of the deal, Anthropic received a warrant to buy up to about 7.7 million Akamai shares (roughly 5% of outstanding) at $111.33 per share, worth about $857 million. Roughly 2% of the warrant vested at the announcement; the remainder allows Anthropic to buy another 1% of Akamai stock for every $3 billion of spend beyond the initial deal, potentially lifting total value to as much as $20 billion. JPMorgan raised Akamai’s price target to $167 (neutral); Oppenheimer kept Outperform with a $180 target, saying Akamai’s distributed cloud can win frontier AI workloads. The stock rose 8% on the news and is up ~40% year-to-date. Deals of this scale with Anthropic could materially alter Akamai's revenue mix and investor sentiment, although concentration risk remains.

Anthropic (ANTH.PVT) and Akamai (AKAM) have agreed to a $12 billion computing deal, creating a major AI-infrastructure partnership. The arrangement reportedly centers on Akamai providing the compute capacity Anthropic needs to develop and run its models, marking a deepened collaboration between a private AI developer and Akamai’s technology platform. The deal signals a broader push by AI firms to secure scalable, reliable hardware and software ecosystems for training and deploying advanced models. The accompanying segment promises to break down terms, potential revenue implications for Akamai, and how the arrangement could influence competitive dynamics in AI infrastructure. A large-scale compute deal with Anthropic could meaningfully boost Akamai's AI-related revenue and position in AI infrastructure, but execution risk and terms determine magnitude.

Anthropic joins Akamai in a $12 billion computing deal, signaling a major AI infrastructure partnership. The Yahoo Finance video with 8:30 hosts Julie Hyman, Jake Conley, and Pras Subramanian covers the deal’s scope and potential implications for Akamai’s business and AI workloads. Large-scale AI-infrastructure deal could materially boost Akamai's exposure to AI workloads and growth opportunities.

Akamai Technologies struck an $11.6 billion, seven-year cloud deal with Anthropic to support CPU workloads on Akamai Cloud, the largest in company history. Anthropic can commit an additional $9 billion, lifting total potential value to about $20 billion. The agreement centers on CPUs rather than GPUs, aligning with Akamai’s global network of thousands of locations and over 4,400 edge points of presence to accelerate data delivery. Akamai issued Anthropic a warrant for 7.7 million common shares (about 5% of outstanding stock) at $111.33 per share; initial vesting is 2% with 3% more vesting in 1% increments as Anthropic commits $3 billion more in cloud services. Shares jumped over 20% after-hours. Akamai has already signed more than $2.8 billion in multi-year cloud infrastructure commitments in 2026. The deal requires about $5.5 billion in capital expenditures, including $1.7 billion in 2026 for memory pre-purchases, and profits aren’t expected this year; revenue from the contract is projected at $150-300 million in H2 2027 as services ramp. Huge, multi-year deal with substantial capex and revenue ramp potential could materially alter Akamai's growth trajectory and investor sentiment.

Akamai stock jumps ~22% premarket after signing a seven-year, $11.6 billion deal to supply Anthropic with computing power, the company’s largest contract to date. It follows a $1.8 billion agreement made earlier this year. Akamai estimates roughly $5.5 billion in capex tied to the deal, more than six times its 2025 capex, with most spending next year on servers, chips, and networking gear. Management projects Anthropic revenue of $150 million to $300 million next year and a run rate near $1.7 billion by 2028. Akamai also granted Anthropic a warrant to buy Series B shares at $111.33, convertible into about 7.7 million common shares, with ~2% vesting at contract start and the rest over the term. CEO Tom Leighton called the warrant a serious step amid questions about circular AI deals. The multi-year, multi-billion deal plus large capex and a clear revenue ramp from Anthropic could materially alter Akamai’s growth trajectory and capital allocation, marking a significant strategic shift.

Akamai jumped 15% to about $127.50 after Anthropic awarded it an $11.6 billion, seven-year cloud deal for AI infrastructure and software services, with Akamai committing roughly $5.5 billion in capex ahead of revenue. CoreWeave and Cloudflare rose about 1% on sympathy buying; SKYY up 2% and SPY less than 0.5%, underscoring a company-specific repricing rather than a broad cloud rally. The deal includes a warrant for Anthropic to purchase non-voting convertible Series B preferred stock tied to milestones, and it positions Akamai as a leader in AI infra. Management says the capital spend does not change full-year guidance, leaving margins and cash flow pressured in the build phase despite long-term profitability. Akamai trades with a market cap near $15.9B, well below its 52-week high of $165.45. A large multi-year AI-focused deal with upfront capex could meaningfully alter Akamai's revenue mix and margins, shifting investor sentiment.

Analysts react positively to Akamai's expanded Anthropic deal. Piper Sandler lifted the target to $158 from $125, saying the $11.6 billion commitment implies about $1.66 billion in annual recurring revenue at full run-rate, potentially turning Akamai from a value asset into a hypergrowth one. The firm projects this run rate by 2028 and notes CPU workloads could lift margins toward the higher end of management's 20%–30% range. Evercore ISI sees profitability skewing to the high end of that framework. Bank of America highlights another $9 billion expansion opportunity, taking total potential to roughly $20 billion. JPMorgan also raised targets but kept a Neutral stance. Shares jumped about 19% as retail sentiment grew extremely bullish. Akamai expects about $5.5 billion in capex to support the initial deal, with ramp beginning in 2027 and full run rate by 2028. Projected ARR of $1.66B and up to ~$20B in total potential cloud services signal a material shift in growth and profitability.

Akamai Technologies struck a long-term deal with Anthropic to provide compute services for seven years, with an option to add up to $9 billion in capacity if needed. The $11.6 billion agreement positions Anthropic to use Akamai's cloud infrastructure, potentially expanding further. Annual recurring revenue from the deal is more than five times Akamai's 2025 cloud infrastructure revenue ($314 million) and accounts for about 40% of the company's $4.2 billion in revenue, according to Guggenheim analysts. The arrangement marks a major expansion into AI compute and could significantly boost Akamai's revenue mix and growth outlook. Seven-year, expandable $11.6B Anthropic deal significantly expands Akamai's AI compute exposure and revenue visibility, signaling a meaningful shift in growth trajectory.

Anthropic signed an $11.6 billion computing deal with Akamai, under which Akamai will provide Anthropic with access to CPUs and Anthropic will receive a warrant to buy Series B shares at $111.33, convertible into 7.7 million common shares. The agreement is Akamai’s largest ever and signals a shift beyond its core content-delivery and cybersecurity businesses into computing. Akamai expects about $5.5 billion in capital expenditures tied to the deal, more than six times its total 2025 capex. It could reshape Akamai’s revenue mix and accelerate its role in AI infrastructure as demand for Claude grows and Anthropic expands with Alphabet and SpaceX. The broader market rallied as European AI-linked stocks rose on the deal. Represents a major pivot into AI infrastructure with a large capex burden and potential revenue-shift for Akamai.

Akamai Technologies expands its AI infrastructure footprint with an expanded US$11.6 billion, seven-year cloud-compute partnership with Anthropic, potentially rising to about US$20 billion as demand grows. The deal aims to secure Akamai as a key provider of distributed AI compute capacity for Anthropic, extending its edge-network leverage and new AI security offerings like AI Gateway and Firewall. Concurrently, Akamai published a State of the Internet Security report focusing on risks and governance for agentic AI systems, highlighting governance challenges and security implications in high-risk AI deployments. The news underscores a broader AI-infrastructure cycle but raises concentration and capital-intensity concerns: large, multi-year contracts could dominate utilization timing, pressure margins, and affect debt and capex planning. Still, analysts see upside via a clearer AI-compute narrative that complements Akamai’s security and edge compute strategy. The multi-year, high-value Anthropic deal plus governance insights could meaningfully boost revenue potential and market positioning, though capital intensity and concentration risks temper upside.

Seven-year, $11.6 billion deal with Anthropic to run AI workloads on Akamai Cloud, with an option to expand by $9 billion to $20 billion. Includes a warrant for Anthropic to buy about 7.7 million Akamai shares at $111.33 (about 5% on an as-converted basis), vesting 2% on initial commitment and about 3% upon further $3 billion tranches. The agreement does not alter 2026 revenue guidance but will lift capital expenditures by about $1.7 billion in 2026 to secure supply-chain components, with total capex tied to the commitment around $5.5 billion. Master services agreement dates May 5, 2026; project plans signed Sept 18, 2026. Akamai also struck a Lenovo hardware deal and authorized Jabil to purchase about $1.7 billion of memory components. The deal adds to over $2.8 billion in prior cloud-infrastructure commitments; stock rose in premarket trading. Substantial long-term AI-infrastructure deal expands Akamai's revenue opportunities and signals a strategic shift, though near-term impact is tempered by unchanged 2026 guidance.

Akamai Technologies has struck a long-term deal with Anthropic to provide compute services for seven years, with a potential expansion of up to $9 billion if more capacity is needed. The $11.6 billion deal signals a major shift into AI-scale infrastructure for the cloud-services company. Annual recurring revenue from the pact is projected to be well above Akamai's 2025 cloud-infrastructure revenue of $314 million and would account for roughly 40% of its $4.2 billion top line, according to Guggenheim analysts. The arrangement could meaningfully raise Akamai's growth profile and revenue visibility, with substantial upside if Anthropic’s compute needs grow. The terms imply a multi-year revenue stream that could influence sentiment and multiple expansion over time. A long-term, $11.6B-plus compute-services deal with optional expansion could substantially redefine Akamai's revenue mix and growth trajectory.

Akamai Technologies shares jumped 21.3% in premarket trading after a seven-year cloud services deal with Anthropic valued at $11.6 billion. The agreement covers Anthropic's CPU workloads across Akamai Cloud's distributed infrastructure, with an option to expand by up to $9 billion to about $20 billion total, though expansion isn’t guaranteed. Akamai also disclosed a hardware supply pact with Lenovo and Jabil for roughly $1.7 billion in memory components to support the rollout, with about $5.5 billion in total capital expenditure expected for the initial commitment. Anthropic will receive a warrant for non-voting convertible Series B preferred stock representing up to about 5% of Akamai's outstanding common shares, vesting on milestones over seven years. TD Cowen raised its price target to $149 with a Hold rating, citing capacity constraints for AI workloads. Actual impact will depend on usage, timing, and contract terms. Secures a multibillion-dollar seven-year cloud deal with a major AI firm that could significantly boost AI workload revenues and drive substantial future capex and equity upside.

Akamai Technologies signs an $11.6 billion, seven-year cloud infrastructure deal with Anthropic, expanding Akamai Cloud to support AI workloads and rising CPU-demand. The agreement includes a warrant for Anthropic to buy 7.7 million non-voting convertible Series B Preferred Stock at $111.33 per share, vesting 2% upfront with the remainder contingent on Anthropic increasing cloud spend by up to $9 billion and additional vesting for every extra $3 billion in purchases. Akamai estimates total capital expenditures related to the deal at about $5.5 billion. Despite higher 2026 capex of roughly $1.7 billion, revenue guidance remains unchanged. May 2026 also saw Anthropic commit $1.8 billion to Akamai for increased cloud resources. Akamai highlights its global, decentralized Cloud platform designed for secure, scalable AI workloads. Large multi-year deal with a marquee AI customer materially expands Akamai's AI infrastructure footprint.

Akamai Technologies announced an $11.6 billion, seven-year cloud infrastructure deal with Anthropic that includes a nonvoting convertible Series B warrant representing about 7.7 million shares (roughly 5% of Akamai), exercisable at $111.33 per share and vesting as cloud purchases milestones are hit. The arrangement makes Akamai a venture-capital-backed stakeholder in Anthropic’s model layer, with potential expansion to about $20 billion. Akamai will commit roughly $5.5 billion in capex upfront, lifting 2026 capex by $1.7 billion, and the stock rose about 22% after hours. This marks a shift from selling capacity to owning a piece of the AI model ecosystem, aligning infrastructure performance with Anthropic’s long-term success within the broader compute-landlord trend. Equity stake tied to Anthropic’s growth creates substantial upside and capex obligations, signaling a major strategic shift for Akamai.

Despite a broad software rally, Akamai is flagged to underperform due to 5.7% average billings growth, a gross margin of 57.5% (below peers), and an expected 22.8-point drop in free cash flow margin next year as it funds investments to defend its market position. At about $133.25, its forward price-to-sales is ~3.8x. Akamai runs a global distributed cloud network with 4,100+ points of presence across nearly 130 countries to deliver, secure, and optimize digital experiences online. The article also marks PTC as the stock to watch and Zoom as a stock to avoid, highlighting ongoing competitive pressures in software despite secular tailwinds. Valuation and profitability headwinds for Akamai could affect near-term results and sentiment, though broader software tailwinds and competitive dynamics keep the impact from being decisive.