Why Akamai Stock Is Up Today
The cloud platform operator struck a deal valued at up to $20 billion with an AI leader.
Overview
Shares of Akamai Technologies (NASDAQ: AKAM) rose on Friday after the cloud computing and cybersecurity specialist expanded its relationship with leading artificial intelligence (AI) model maker Anthropic.
Image source: Getty Images.
Anthropic is committed to using $11.6 billion of Akamai's cloud infrastructure services over seven years. The deal can be increased by up to $9 billion, bringing the total potential value to over $20 billion.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.