On September 25, Akamai rose 21.55% in pre-market trading, trading at 134.38 USD/share, with turnover of 962,500 USD.

On the news front, Akamai announced a landmark seven-year, $11.6 billion cloud computing agreement with AI company Anthropic, making it the largest contract in the company's history. Under the deal, Akamai Cloud's infrastructure will support Anthropic's CPU workload demands. Akamai estimated related capital expenditures at approximately $5.5 billion, with $1.7 billion allocated to the current fiscal year, and management stated this would not impact current-year revenue guidance. Revenue from the deal is expected to reach $150 million to $300 million next year. The agreement also includes expansion options that could increase the total commitment by up to $9 billion more.

As part of the transaction, Akamai issued Anthropic a warrant to purchase non-voting convertible Series B Preferred Stock representing approximately 7.7 million shares of common stock on an as-converted basis, at an exercise price of $111.33 per share, with roughly 2% vesting tied to the current commitment and the remainder contingent on deal expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)