Akamai Lands $11.6 Billion Anthropic Deal; Costco, Scholastic Report Earnings

CNBC··US·Read original
3▲6 ▼2Impact / 5
Summary · why it matters

Akamai Technologies announced a seven-year contract and $11.6 billion deal with Anthropic, sending its shares up 5%, and issued a warrant letting Anthropic buy up to roughly 5% of its shares at an exercise price of $111.33 each. Atlas Energy Solutions rallied 17% after saying two subsidiaries executed separate cost reimbursement agreements with a leading frontier AI lab, while Genius Sports jumped 13% on a JPMorgan overweight initiation and Twilio fell about 6% after HSBC cut its rating to a sell equivalent. People Inc, the publisher owned by Barry Diller, rose 10% after The Wall Street Journal reported that MGM Resorts is weighing a bid to purchase the publishing giant, following People's withdrawal of its proposal to buy the casino operator. Scholastic slid 9% after posting an adjusted fiscal first-quarter loss of $3.63 per share on revenue of $216.8 million, a 4% year-over-year decline. Costco Wholesale rose 2.7% on better-than-expected fiscal fourth-quarter results, earning an adjusted $6.60 per share on revenue of $95.72 billion, above the $6.53 per share and $94.86 billion analysts polled by LSEG expected, while Microsoft gained 3% on a refreshed Copilot app and Meta Platforms fell more than 3% as traders took profits.

Impact on assets 17

Communication Services± Mixed · 3 stocks
Genius Sports Ltd
GENI
▲ PositiveCapitalrelevance

Genius Sports jumped 13% on a JPMorgan overweight initiation.

People Incorporated
PPLI
▲ PositiveCapitalrelevance

People Inc rose 10% after WSJ reported MGM Resorts is weighing a bid to purchase the publishing giant.

Scholastic Corporation
SCHL
▼ NegativeCapitalrelevance

Scholastic posted an adjusted fiscal Q1 loss of $3.63 per share on revenue down 4% year-over-year.

Consumer Discretionary▲ · 3 stocks
MGM Resorts International
MGM
± MixedCapitalrelevance

MGM Resorts is reportedly weighing a bid to purchase People Inc, a potential M&A move but not a clear positive/negative for MGM.

Artificial Intelligence▲ · 3 stocks
Microsoft Corporation
MSFT
▲ PositiveTechnologyrelevance

Microsoft gained 3% on a refreshed Copilot app, a product/technology development.

Cloud & Digital Infrastructure± Mixed · 2 stocks
Akamai Technologies Inc
AKAM
▲ PositiveCapitalDemandrelevance

Akamai issued a warrant letting Anthropic buy up to roughly 5% of its shares at $111.33 each.

Twilio Inc
TWLO
▼ NegativeCapitalrelevance

HSBC cut Twilio's rating to a sell equivalent, an analyst downgrade.

Consumer Staples▲ · 1 stocks
Costco Wholesale Corp
COST
▲ PositiveCapitalrelevance

Costco reported better-than-expected fiscal Q4 results, with adjusted EPS of $6.60 and revenue of $95.72 billion above estimates.

Energy▲ · 1 stocks
Atlas Energy Solutions Inc.
AESI
▲ PositiveDemandrelevance

Two subsidiaries executed cost reimbursement agreements with a leading frontier AI lab, driving shares up 17%.

Energy Transition & Power Demand▲ · 1 stocks
Financials▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks

Off-coverage companies 1

AnthropicPrivate± Mixed
relevance

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