AI Business
2d ago
Akamai Technologies Gains from Anthropic Contract; Costco Reports Strong Earnings
Sep 25, 2026
AI Summary
Akamai Technologies' stock rose significantly following a major contract with Anthropic worth $11.6 billion. Costco Wholesale also reported quarterly profits exceeding expectations, aided by tariff refunds.
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- Akamai Technologies signed a seven-year contract with Anthropic valued at $11.6 billion to provide computing power. Analysts believe this deal will enhance Akamai's growth and profitability, as it focuses solely on CPUs.
- People (PPLI) shares increased following news that MGM Resorts is considering a bid for the media company owned by Barry Diller.
- Costco Wholesale reported quarterly profits that exceeded Wall Street estimates, benefiting from tariff refunds.
akamaianthropiccloud computingstock marketearnings