Akamai surges on $1.8B AI infrastructure pact fueling cloud push
Akamai jumped about 20% after announcing a $1.8 billion, seven-year deal with a leading frontier-model AI provider to expand its cloud infrastructure, as first-quarter revenue rose 6% to over $1 billion and cloud services revenue climbed 40% to $95 million; the company also projected Q2 revenue of roughly $1.08–$1.10 billion and adjusted EPS of $1.45–$1.65, highlighting its push to support AI workloads with its distributed network.
