Akamai hits highest level since 2000
Key point
Akamai shares surged to their highest level since 2000 following reports of securing Anthropic as a customer.
Details
The counterparty in Akamai's announced 7-year, $1.8 billion cloud infrastructure deal has been reported to be Anthropic. Following this news, the stock jumped more than 25%, reaching its highest level since 2000.
Anthropic is accelerating its infrastructure buildout amid complaints over Claude usage limits and the compute-stockpiling race with OpenAI. This Akamai deal is also an extension of that trend.
Over the past month or so, Anthropic has signed or expanded deals in succession with CoreWeave, Amazon, Google, Broadcom, and xAI. In its collaboration with xAI, Anthropic also stated it would increase usage limits for paying customers.
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