Akamai shares surge 26% on $1.8B AI infrastructure deal as Q1 results meet estimates

Shares in Akamai Technologies Inc. surged more than 26% in late trading today after the cybersecurity and cloud computing company reported in-line first-quarter results and disclosed a $1.8 billion, seven-year commitment from a leading U.S.-based frontier model provider for its cloud infrastructure services.

For its fiscal 2026 first quarter that ended on March 31, Akamai […]

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