Akamai Technologies shares climbed 5% after the company signed a seven-year, $11.6 billion cloud-services deal with Anthropic. The agreement also gives Anthropic a warrant to buy up to roughly 5% of Akamai's shares at $111.33 each, and the contract could grow to $20 billion.
Akamai Technologies stock gained 5% on Thursday. The move followed the company's disclosure of a seven-year, $11.6 billion deal with Anthropic covering cloud computing services.
Akamai also issued a warrant tied to the agreement, giving Anthropic the right to buy up to roughly 5% of Akamai's shares at an exercise price of $111.33 each. That option sits alongside the commercial contract rather than replacing it, so Anthropic's stake depends on whether it later exercises the warrant.
The agreement centers on cloud computing services, and its scope leaves room to grow. According to Crypto Briefing, the deal could expand to $20 billion as the arrangement develops. Crypto Briefing said the deal strengthens Akamai's competitive position in the AI space and has contributed to broader positive sentiment across AI-related stocks.
Crypto Briefing said market participants will keep watching for further developments from Anthropic, including potential new funding rounds or expanded partnerships. Additional investment from strategic partners such as Amazon or Google could suggest further confidence in Anthropic's growth trajectory, the outlet said, and updates on Anthropic's performance metrics could influence market expectations about its valuation heading toward year's end. Crypto Briefing also pointed to an uptick in positive valuation scenarios for Anthropic as a further sign of that confidence.
Sources: CNBC, Crypto Briefing
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