AKAM ▲ +15.0% - Akamai Technologies, Inc. $AKAM pt 225 @ Guggenheim from 190 Buy rated Contract commitment: Anthropic committed $11.6B over seven years, with up to $9B of optional expansion potential. • Award potential: Guggenheim put the deal’s total potential value at $20B. • Revenue scale: The deal’s annual recurring revenue exceeds five times Akamai’s 2025 CIS revenue and equals 40% of total revenue. • Investment requirement: Akamai expects 2026 capital spending to increase about $1.7B to secure and pre-purchase supply-chain components. • Deal structure: Anthropic receives a warrant to buy nonvoting convertible Series B preferred stock. 25-SEP-2026 08:12 AM ET