Akamai surges as $1.8 billion cloud deal eclipses downbeat forecast
Shares of Akamai Technologies soared 24% in extended trading on Thursday after the company disclosed a $1.8 billion long-term cloud deal with a frontier model provider.
Still, the company forecast underwhelming quarterly results as a sharp rise in prices of memory infrastructure ripples across the industry, hitting profits and hiking costs and prompting firms to get cautious with spending.
