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Why did Akamai stock surge after Anthropic’s $11.6 billion deal?

Economic Times Markets
Why did Akamai stock surge after Anthropic’s $11.6 billion deal?
Economic Times Markets

Akamai shares surged after announcing an $11.6 billion, seven-year cloud computing deal with Anthropic, potentially expanding to $20 billion. The agreement strengthens Akamai’s AI infrastructure business, with significant planned capital expenditure and a potential 5% Anthropic stake.

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Source: Economic Times Markets

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