Akamai Stock Soars to 22-Year High After $1.8B Anthropic Cloud Deal

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2026-07-01 06:53:02

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Akamai Technologies shares surged 27% in a single trading session, marking their largest gain since 2004, following announcement of a seven-year, $1.8 billion cloud infrastructure contract with AI firm Anthropic.

The agreement represents Akamai's largest customer deal in company history, averaging $257 million annually. Anthropic's rapid growth has pushed its revenue run rate past $30 billion, driving demand for distributed cloud computing solutions beyond traditional hyperscalers.

Market reaction was immediate, with Akamai's stock continuing its rally post-announcement. The deal signals growing enterprise adoption of specialized cloud providers for AI workloads, potentially reshaping competitive dynamics in cloud infrastructure.

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