New Delhi, Sept. 26 -- Akamai Technologies (NASDAQ: AKAM) shares jumped more than 20 percent Wednesday, adding roughly $3 billion to the company's market capitalization in a single session. The catalyst was not a new product or an earnings report. It was a seven-year contract.

a master services arrangement signed as early as May 5, 2026, followed by the two project plans that crystallized the $11.6 billion commitment on September 18. Six days later, Akamai made it public.

The unusual detail is not the size. It is the chip. Almost every other major AI infrastructure deal of the past two years is denominated in GPU capacity: Nvidia H100s, H200s, or the Blackwell generation. Amazon built its Trainium processor to handle Anthropic's Claude ...