Akamai Technologies shares jumped 27% in a single day. The company disclosed a $1.8 billion cloud infrastructure deal. The contract spans a seven-year term. Bloomberg identified the client as the prominent AI firm Anthropic.
This agreement represents the largest deal in Akamai's history. It validates the company's strategic transition from a content delivery network to an AI cloud provider. This shift began with the acquisition of Linode in 2022.
Anthropic is aggressively securing computing capacity as demand for its AI services exceeds supply. The market reaction highlights investor enthusiasm for firms capturing the growth in AI infrastructure spending.