Akamai Stock Drops 6.7% Despite $11.6B Cloud Deal with Anthropic

Key Facts

1Akamai signed a seven-year, $11.6 billion agreement with Anthropic to provide cloud services for AI infrastructure.

2Akamai stock fell 6.78% in a single day to $110.41 despite the positive partnership news.

3Cowen & Co maintained a 'Hold' rating for Akamai as EPS is projected to decrease by 9.14% to $1.69.

Akamai stock fell 6.78% to $110.41 despite the company signing a seven-year, $11.6 billion agreement with Anthropic to provide cloud services for AI infrastructure. Financial Modeling Prep reported that the strategic partnership leverages Akamai's cloud platform, with the deal potentially expanding to a total value of $20 billion over its duration.

Cowen & Co maintained a "Hold" rating for Akamai as earnings per share are projected to decrease by 9.14% to $1.69. AKAM closed at $110.41 on September 24, 2026, trading between a day low of $110.31 and a high of $118, while the company announced plans for $5.5 billion in capital expenditures to support the new Anthropic contract.