Akamai Stock Heads Into New Test After $3.5 Billion AI Cloud Move
Shares of Akamai Technologies were under scrutiny again Tuesday, just after the U.S. holiday, as the company’s $3.5 billion financing drew attention from investors watching its AI cloud push. Akamai was last spotted at $147.23 ahead of the Nasdaq day session, putting the company's market cap near $22.1 billion. Timing is key. The Nasdaq was shut Monday for Memorial Day, with its usual 9:30 a.m. to 4 p.m. Eastern hours set to resume. That put Tuesday as the first full trading day since Akamai wrapped the financing late last week.