Akamai rises 8.1% on $11.6 billion Anthropic cloud deal
- Akamai Technologies shares rose 8.1% to $119.35 following an $11.6 billion cloud commitment with Anthropic.
- Atlas Energy Solutions surged 19.8% to $13.16 after subsidiaries executed separate cost reimbursement agreements.
- Almonty Industries gained 11% to $13.76 after Stifel initiated coverage with a Buy rating and $25 price target.
- People Incorporated climbed 9.1% to $39.20 amid reports of a potential acquisition bid from MGM Resorts.
*this image is generated using AI for illustrative purposes only.
Akamai Technologies Inc (NASDAQ: AKAM) shares rose 8.1% to $119.35 on Friday after the company expanded its partnership with Anthropic through an $11.6 billion cloud commitment. The broader market also advanced, with the Dow Jones index gaining over 150 points during the session.
Key movers in the session
Several other large-cap stocks recorded significant gains driven by analyst upgrades, acquisition rumors, and operational announcements.
| Company | Ticker | Change | Closing Price | Driver |
|---|---|---|---|---|
| Atlas Energy Solutions | AESI | +19.8% | $13.16 | Subsidiary agreements |
| Almonty Industries | ALM | +11% | $13.76 | Stifel Buy rating |
| Quantum Corp | QMCO | +10.4% | $32.56 | Market movement |
| People Incorporated | PPLI | +9.1% | $39.20 | MGM bid reports |
| Maxlinear Inc | MXL | +8.8% | $92.83 | Market movement |
Partnership and operational updates
In addition to the Anthropic deal, Akamai disclosed new agreements with Lenovo and Jabil Inc (NYSE: JBL). These developments contributed to the stock's strong performance relative to the broader market.
Atlas Energy Solutions Inc (NYSE: AESI) posted the largest gain among major movers, rising 19.8% to $13.16. The company announced that two of its wholly owned, indirect subsidiaries executed separate cost reimbursement agreements.
Analyst actions and acquisition rumors
Almonty Industries Inc (NASDAQ: ALM) gained 11% to $13.76 after Stifel initiated coverage with a Buy rating and a $25 price target. Similarly, Tower Semiconductor Ltd (NASDAQ: TSEM) rose 6.7% to $231.78 following Mizuho analyst Vijay Rakesh initiating coverage with an Outperform rating and a $300 price target.
People Incorporated (NASDAQ: PPLI) climbed 9.1% to $39.20 amid reports suggesting that MGM Resorts is considering a bid to acquire the company.
Other notable gainers
The rally extended across various sectors, including technology and healthcare:
- Einride AB (NASDAQ: ENRD) gained 8.6% to $4.15.
- YD Bio Ltd (NASDAQ: YDES) rose 8.2% to $5.16.
- Maase Inc (NASDAQ: MAAS) gained 8.1% to $15.16.
- Bloom Energy Corp (NYSE: BE) rose 6.8% to $284.66.
- Humana Inc (NYSE: HUM) rose 6.7% to $406.06.
- Datadog Inc (NASDAQ: DDOG) gained 6.2% to $272.94.
- Synaptics Inc (NASDAQ: SYNA) rose 5.1% to $101.71.
- Qualcomm Inc (NASDAQ: QCOM) gained 4.4% to $202.82.
How might Akamai's $11.6 billion commitment to Anthropic impact its free cash flow and capital expenditure guidance for the upcoming fiscal year?
Will the MGM Resorts acquisition rumor for People Incorporated trigger a competitive bidding war from other major hospitality or gaming conglomerates?
What are the potential regulatory hurdles and antitrust implications if MGM Resorts proceeds with a formal acquisition bid for People Incorporated?
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