Business & Finance
Akamai Technologies Soars on Anthropic Deal; Costco Earnings Beat | Stock Movers
Key Points
On this episode of Stock Movers: - Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai’s growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs. - People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant. - Costco Wholesale (COST) quarterly...
On this episode of Stock Movers:
- Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai’s growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs.
- People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant.
- Costco Wholesale (COST) quarterly profits surpassed Wall Street’s estimates after the company recorded a benefit related to tariff refunds. (Source: Bloomberg)