Akamai Technologies' shares rose 5% following the announcement of a seven-year contract and an $11.6 billion deal with Anthropic, which also includes a warrant allowing Anthropic to purchase up to 5% of Akamai's shares at $111.33 each. Atlas Energy Solutions experienced a 17% increase in stock price after revealing that two subsidiaries entered cost reimbursement agreements with a leading AI lab.
Genius Sports' stock jumped 13% after JPMorgan initiated coverage with an overweight rating, citing its strong growth and profitability. Conversely, Twilio's shares fell about 6% after HSBC downgraded the stock to a sell, indicating that it appears expensive compared to competitors like Microsoft and Salesforce.
People Inc. shares increased by 10% amid reports that MGM Resorts is considering a bid for the company, while Scholastic's stock dropped 9% after reporting a larger-than-expected loss in its fiscal first quarter.
Costco Wholesale's shares rose 2.7% after exceeding earnings expectations for the fiscal fourth quarter, and Microsoft shares gained 3% following the launch of a new Copilot app aimed at enhancing its competitive position against Anthropic. Meta Platforms saw a decline of over 3% as investors took profits after a recent rally, despite a strong weekly gain driven by its AI product Muse