A new seven-year deal between Anthropic and Akamai (AKAM) sent shares for the latter higher on Friday’s session thanks to the deal’s $11.6 billion price tag. Marley Kayden offers more details on the agreement and why it’s a big deal for the greater AI trade. Dan Deming offers an example options trade for Akamai.
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when i was a 2nd year los at merrill lynch 2006 the stock of year was akam. so interesting to see the full circle over the years.