[DEVELOPING] Akamai-Anthropic $11.6B seven-year CPU deal: AKAM spikes 16% intraday, closes +3% at ~$113.9, just above the warrant strike
Largest contract in Akamai's history, expandable by $9B to ~$20B; Anthropic receives a warrant for 7.7M shares (~5%) at $111.33, ~2% vesting on the initial commitment and ~1% per extra $3B. Akamai guides ~$5.5B cumulative capex ($1.7B added to 2026 for memory pre-buys), no 2026 revenue, $150-300M in 2027, ~$1.7B run-rate by end-2028. Friday: open ~$125, high $128.46, close ~$113.9 on ~31.6M shares (~6x normal); JPMorgan PT $167 (Neutral; Anthropic ~93% of Akamai's $14.4B 2026 new deals), BofA $185, Guggenheim $225. Next: Q3 print; 8-K termination conditions.