Akamai Technologies Inc (AKAM) Stock AnalysisAKAMAkamai Technologies Inc

$AKAM is high on my watchlist.

$AKAM starter in savvy trader account

Good breakout and retest setup: $AKAM - Over an 11% intraday reversal on Friday from HOD to LOD ↕️ - Now back on the 50-day moving average, looking likely to bounce off this week - Look at that massive volume spike on Friday. Highest daily volume in its entire history👀

$AKAM nice deal finally with Anthropic

$AKAM Akamai announces $11.6B multi-year agreement with Anthropic Akamai Technologies announced a significantly expanded relationship with Anthropic for $11.6B of contractual commitment over seven years. The multi-year commitment will support Anthropic's accelerating CPU workload demands by leveraging Akamai Cloud's distributed AI infrastructure and software. The deal adds to the more than $2.8B in multi-year Cloud Infrastructure Services commitments across Akamai's customer base previously announced this year. These agreements underscore a growing demand for Akamai to enable customers to build, deploy and operate AI workloads at scale. As part of the increased strategic alignment between Akamai and Anthropic, Akamai has issued a warrant to Anthropic for the purchase of non-voting convertible Series B Preferred Stock representing 7.7M shares of Akamai's common stock on an as-converted basis, or up to approximately 5% of Akamai's common stock outstanding, at an exercise price of $111.33 per share of common stock. A portion of the warrant representing approximately 2% of Akamai's common stock outstanding is expected to vest in connection with today's announced $11.6B commitment. The remaining approximately 3% would vest throughout the successful expansion of the commitment up to an additional $9B within the seven-year term of the warrant. Each additional $3B purchase of cloud services, at mutually agreed upon terms, will result in the vesting of approximately 1% of Akamai's common stock outstanding.