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.