Akamai Jumps 21% on $11.6 Billion Anthropic Deal and 7-Year Power Contract
Updated
Updated · CNBC · Sep 25
Akamai Jumps 21% on $11.6 Billion Anthropic Deal and 7-Year Power Contract
3 articles · Updated · CNBC · Sep 25
Summary
Akamai shares surged more than 21% in premarket trading after the cloud company unveiled a seven-year power contract and an $11.6 billion deal with Anthropic.
Anthropic also received a warrant to buy up to roughly 5% of Akamai shares at an exercise price of $111.33 each, tying the AI startup more closely to the company.
The move made Akamai the standout premarket gainer in CNBC's roundup, far outpacing smaller moves in names including Synopsys, Nike and Costco.
The deal underscores how AI-linked agreements are driving sharp market reactions for infrastructure and cloud providers tied to rising computing demand.