Akamai gains after major Anthropic cloud deal highlights AI infrastructure demand

Akamai Technologies (AKAM) is up 4.5% today. Here is some analysis on what might have caused this price movement. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/09/24/3368729/0/en/akamai-announces-11-6-billion-multi-year-agreement-with-anthropic-to-support-growing-demand.html))

Analysis: The most likely driver is Akamai’s newly disclosed seven-year, $11.6 billion cloud infrastructure commitment from Anthropic, which appears to have strengthened investor confidence in Akamai’s AI compute growth story. The deal also suggests Akamai is becoming a more meaningful supplier of large-scale AI infrastructure, even though it comes with sizable investment needs. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/09/24/3368729/0/en/akamai-announces-11-6-billion-multi-year-agreement-with-anthropic-to-support-growing-demand.html))

Details:

Akamai announced on September 24, 2026 that Anthropic committed about $11.6 billion over seven years for dedicated cloud computing capacity and related support services. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154d8k.htm))

The company said the relationship could expand by up to another $9 billion, which lifts the potential total commitment to roughly $20 billion. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/09/24/3368729/0/en/akamai-announces-11-6-billion-multi-year-agreement-with-anthropic-to-support-growing-demand.html))

Akamai estimated total capital expenditures tied to the initial commitment at about $5.5 billion, while saying its 2026 revenue guidance is unchanged. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/09/24/3368729/0/en/akamai-announces-11-6-billion-multi-year-agreement-with-anthropic-to-support-growing-demand.html))

A separate filing showed Akamai authorized about $1.7 billion of memory purchases, reinforcing that investors are weighing both the scale of the opportunity and the near-term buildout required to support it. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154d8k.htm))

Sources:

Akamai Technologies, SEC, GlobeNewswire

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AKAM Insider Trading Activity

$AKAM insiders have traded $AKAM stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $AKAM stock by insiders over the last 6 months:

PAUL C JOSEPH (EVP - Global Sales) has made 0 purchases and 2 sales selling 6,200 shares for an estimated $720,440.
KIM SALEM-JACKSON (EVP, Chief Marketing Officer) sold 2,300 shares for an estimated $311,811
ROBERT BLUMOFE (Chief Technology Officer) sold 243 shares for an estimated $31,446

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$AKAM Hedge Fund Activity

We have seen 422 institutional investors add shares of $AKAM stock to their portfolio, and 454 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 4,438,871 shares (+65.6%) to their portfolio in Q2 2026, for an estimated $524,718,940
ROYAL BANK OF CANADA added 2,021,778 shares (+167.8%) to their portfolio in Q2 2026, for an estimated $238,994,377
NORDEA INVESTMENT MANAGEMENT AB removed 1,892,804 shares (-77.6%) from their portfolio in Q2 2026, for an estimated $223,748,360
JANE STREET GROUP, LLC added 1,678,433 shares (+15228.0%) to their portfolio in Q2 2026, for an estimated $198,407,564
PICTET ASSET MANAGEMENT HOLDING SA added 1,638,970 shares (+4986.4%) to their portfolio in Q2 2026, for an estimated $193,742,643
JPMORGAN CHASE & CO added 1,597,132 shares (+inf%) to their portfolio in Q2 2026, for an estimated $188,796,973
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 1,535,467 shares (+inf%) to their portfolio in Q2 2026, for an estimated $181,507,554

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AKAM Congressional Stock Trading

Members of Congress have traded $AKAM stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $AKAM stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$AKAM Price Targets

Multiple analysts have issued price targets for $AKAM recently. We have seen 11 analysts offer price targets for $AKAM in the last 6 months, with a median target of $165.0.

Here are some recent targets:

Keith Weiss from Morgan Stanley set a target price of $165.0 on 05/14/2026
Madeline Brooks from B of A Securities set a target price of $175.0 on 05/13/2026
Aaron Samuels from Susquehanna set a target price of $175.0 on 05/11/2026
Amit Daryanani from Evercore ISI Group set a target price of $165.0 on 05/08/2026
John Difucci from Guggenheim set a target price of $181.0 on 05/08/2026
Jackson Ader from Keybanc set a target price of $195.0 on 05/08/2026
James Fish from Piper Sandler set a target price of $156.0 on 05/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.