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Big Tech cnbc.com

Akamai Stock Jumps 30% on $1.8 Billion AI Cloud Infrastructure Deal

Akamai disclosed a massive $1.8 billion, seven-year contract for AI cloud infrastructure with a top AI model provider, alongside Q1 revenue up 6% YoY. The deal signals booming demand for AI compute hosting, with analysts forecasting double-digit growth acceleration. Shares surged over 25% premarket amid raised price targets.

Models cloud.google.com

Gemini 3.1 Flash-Lite Now Generally Available for Enterprise Agent Apps

Google Cloud announces general availability of Gemini 3.1 Flash-Lite, the fastest and most cost-efficient model in the Gemini 3 series, optimized for low-latency agentic workflows like tool calling. Adopted by JetBrains, Ramp, and others for coding, customer service, and finance. Marks push into high-volume enterprise AI deployment.

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Quick takes

INTC rips +14% to $125 ATH on Apple foundry rumors & AI CPU demand
Chips
Anthropic ~$45B ARR, tripled in a month per EpochAI
Big Tech
Akamai lands $1.8B AI cloud deal, shares +30% premarket...
Big Tech
Cloudflare cuts 20% workforce for agentic AI pivot despite growth
Big Tech
OpenAI's GPT-Realtime-2 enables voice agents with realtime tool calls and GPT-5 reasoning
Models
Claude Mythos helped Firefox ship fixes for 271 bugs in April—more than prior 15 months.
Models
Firefox fixed more security bugs in April with Claude Mythos than past 15 months combined
Models
Claude for Excel/PPT/Word GA, Outlook beta—context persists across MS apps
Big Tech

Market Pulse

AI Pulse
78/100
bullish

AI chips rally hard: INTC/AMD/MU lead +14-25% on rotation from NVDA, memory demand explodes

MU +15%
Micron Technology chips
INTC +14%
Intel chips
AMD +25%
Advanced Micro Devices chips
NVDA +1.7%
NVIDIA chips

Recurring Movers

NVDA 9 hits · +0.9%
AMD 8 hits · +1.8%
MU 3 hits · +5.1%
INTC 3 hits · +3.8%