Akamai shares jumped over 20% in postmarket trading after the news. The company will spend $5.5B in capital expenditures to build the necessary capacity, including $1.7B in 2026 to secure memory components through a consignment deal with Jabil. Akamai also signed hardware and software agreements with Lenovo to support the ramp in infrastructure required for the Anthropic pact.
Wednesday, October 21, 2026
Story
Akamai Shares Surge 20% on $11.6B Anthropic Computing Deal
AI26 days ago
Anthropic has entered a seven year agreement with Akamai to provide the computing power necessary for the AI developer's expanding CPU workloads. The contract involves a firm commitment of $11.6B that could potentially grow to $20B through future expansion options. As part of the arrangement, Akamai issued warrants to Anthropic for up to 5% of the company, with 2% vesting upon the initial commitment and the remainder tied to additional cloud spending.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.