Akamai Jumps 21% on $11.6 Billion Anthropic Power Deal

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3▲2 ▼2Impact / 5
Summary · why it matters

Akamai Technologies surged more than 21% in premarket trading after announcing a seven-year power contract and an $11.6 billion deal with Anthropic, alongside a warrant letting Anthropic buy up to roughly 5% of Akamai's shares at $111.33 each. Scholastic fell over 10% after posting an adjusted fiscal first-quarter loss of $3.63 per share, wider than the $2.52 per share loss a year earlier, on revenue of $216.8 million, down 4%. Synopsys gained over 3% after HSBC upgraded the stock to buy from hold, with analyst Frank Lee calling the company a high-growth AI beneficiary under its new business model. Nike slid nearly 2% after Bank of America downgraded it to underperform from neutral, expecting sales declines from the second quarter through the rest of fiscal 2027. Costco Wholesale edged lower even after reporting better-than-expected fiscal fourth-quarter results, with adjusted earnings of $6.60 per share on revenue of $95.72 billion, topping LSEG consensus estimates of $6.53 per share and $94.86 billion.

Impact on assets 6

Cloud & Digital Infrastructure▲
Akamai Technologies Inc
AKAM
▲ PositiveDemandrelevance

Akamai announced a seven-year power contract and $11.6 billion deal with Anthropic, a concrete customer order.

Communication Services▼
Scholastic Corporation
SCHL
▼ NegativeCapitalrelevance

Scholastic posted a wider adjusted Q1 loss of $3.63 per share on 4% lower revenue.

Consumer Discretionary▼
Nike Inc
NKE
▼ NegativeCapitalrelevance

Bank of America downgraded Nike to underperform, expecting sales declines through fiscal 2027.

Artificial Intelligence▲
Synopsys Inc
SNPS
▲ PositiveCapitalrelevance

HSBC upgraded Synopsys to buy, calling it a high-growth AI beneficiary under its new business model.

Consumer Staples▲
Costco Wholesale Corp
COST
± MixedCapitalrelevance

Costco reported better-than-expected Q4 earnings and revenue but shares edged lower.

Financials▲

Off-coverage companies 1

Anthropici
Private± Mixedrelevance