Akamai is expanding its cloud platform, offering CPU and specialized GPU computing, Kubernetes and storage for AI training, low-latency inference, hosting and disaster recovery. Software and SaaS providers account for most of its recent customer additions, and new clients in logistics, digital media, streaming and healthcare are adding to its growth in Asia-Pacific, Japan, Europe, the Middle East and Africa. Examples include a logistics technology company moving AI warehouse operations to Akamai Cloud and a developer platform shifting nearly 1,500 microservices to Linode Kubernetes Engine to cut costs. Demand for GPU instances powered by NVIDIA RTX PRO 6000 Blackwell Server Edition also supports growth. Competitors Cloudflare (NET) and DigitalOcean (DOCN) are both expanding AI offerings, with Cloudflare adding Cursor Cloud Agents support to its Sandboxes and DigitalOcean launching Agent Droplets.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Can The Trade Desk's Cash Reserves Strengthen Its Competitive Edge?
The Trade Desk (TTD) held about $1.49 billion in cash, cash equivalents and short-term investments as of June 30, 2026, plus roughly $745 million available under its revolving credit facility. In the second quarter it generated $154 million in operating cash flow and $136 million in free cash flow, and operating cash flow for the first six months reached $545.4 million versus $456.4 million a year earlier. The company continues to invest in its Kokai platform, including the Kokai Zuma release with agentic AI features, and in healthcare integrations with Veeva Crossix and IQVIA Digital. Revenue, however, rose only 3% year over year to $715.1 million in the second quarter, pressured by CPG and automotive, which together generate about 25% of its business. Third-quarter guidance of at least $650 million assumes no meaningful improvement in the macro backdrop.
- What Akamai Technologies (AKAM)'s Cloud Customer Wins Mean For Shareholders
Akamai Technologies reported growing adoption of its Cloud Computing services by software, digital media and technology customers, who use its CPU, GPU and storage for AI training, low-latency inference, application hosting and disaster recovery across Asia-Pacific, Japan and EMEA. Early traction came from NVIDIA RTX PRO 6000 Blackwell Server Edition GPU instances, as clients move AI-heavy, microservices and media workloads from legacy cloud providers to manage performance and infrastructure costs. The article links this to Akamai's multiyear CIS pipeline, including an Anthropic infrastructure build-out and planned CapEx of US$5.5b, while noting risks such as concentrated CIS customers, capital intensity and cash margins. Analyst forecasts cited expect revenue of US$7.2b and earnings of US$738.3m by 2029, while the most cautious models show about US$6.0b and US$433.0m.
- This Week In Cloud AI - Akamai Technologies Boosts Global Cloud Service Adoption
Akamai Technologies has observed a significant rise in customer adoption of its cloud computing services, driven mainly by demand for high-performance computing for AI and enterprise SaaS workloads. The company says the trend spans from model training to low-latency inference, and enterprise clients use its services for applications such as cloud disaster recovery and core-to-edge application hosting. Adoption of its specialized GPU infrastructure is growing in international markets, particularly Asia-Pacific and EMEA, which the article cites as a sign of diversification beyond traditional software sectors. The roundup also notes that Oracle, Microsoft and Alphabet each closed higher in the same period.
- Is Morningstar's (MORN) New AI Platform Quietly Rewriting Its Data Moat And Competitive Edge?
Morningstar has launched Morningstar Direct AI, a browser-based upgrade to its flagship platform with three task-specific AI agents for product development, distribution support and manager research, built on its proprietary data, analytics and ratings. It is also making its investment intelligence available through Claude, Microsoft Copilot and ChatGPT, extending its research into investment professionals' daily workflows. The article says the short-term impact on adoption and on sentiment around insider share sales is not yet clear, and client uptake remains the key risk. The Simply Wall St narrative projects $3.0 billion revenue and $534.0 million earnings by 2029, yielding a $236.67 fair value, about 16% above the current price, while five community members see fair values between US$162.54 and US$329.06.
- Can Navitas Semiconductor (NVTS) Turn NVIDIA-Aligned 800V AI Power Designs Into Durable Competitive Advantage?
Navitas Semiconductor announced in early October 2026 a 24 kW, 800 V-to-12 V GaNFast power board developed with NVIDIA, targeting 97% efficiency for AI data-center racks through a single-stage design. The article views it as a near-term catalyst but notes it does not reduce risks from ongoing losses and shareholder dilution. Its narrative projects $143.2 million in revenue and $24.0 million in earnings by 2029, requiring 52.3% yearly revenue growth from current earnings of -$133.9 million and implying a $14.46 fair value. The lowest analyst estimates, by contrast, model only about US$123.6 million in revenue by 2029.
- Google expands wearables lineup with $180 Fitbit Edge to boost digital health push
Google has launched the Fitbit Edge, a $180 premium fitness tracker that sits between screenless wearables and full smartwatches, replacing the Fitbit Charge 6 with a hybrid design and a replaceable battery. The device is positioned between the screenless Fitbit Air and the higher-end Pixel Watch. Buyers get three months of free access to Google Health Premium, a $10-per-month service with generative AI coaching and trend analysis for metrics such as insulin resistance and blood pressure. Google also announced data-sharing partnerships with Abbott, Flo Health, MyFitnessPal and Function Health. Pre-orders are open now ahead of an October 27 retail rollout.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.