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Akamai-Anthropic Deal; People Inc. Gains as MGM Mulls Making a Bid; Costco Beats
Published 1 week, 3 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai’s growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs.
- People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant.
- Costco Wholesale (COST) quarterly profits surpassed Wall Street’s estimates after the company recorded a benefit related to tariff refunds.
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