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This Week In Cloud AI - Akamai Technologies Boosts Global Cloud Service Adoption

Simply Wall St · 2d ago

Akamai Technologies has observed a significant increase in customer adoption of its cloud computing services, largely driven by the growing demand for high-performance computing across AI and enterprise SaaS workloads. The company reported that this trend is evident from model training to low-latency inference, with enterprise clients utilizing its services for a range of applications, including cloud disaster recovery and core-to-edge application hosting. Akamai's momentum is supported by the adoption of its specialized GPU infrastructure, particularly in international markets such as Asia-Pacific and EMEA, showcasing a broader diversification in sectors beyond traditional software. This development highlights the evolving infrastructure needs for supporting data-heavy and AI-driven workloads.

Elsewhere in the market, Tech Mahindra (NSEI:TECHM) was a standout up 8.5% and ending the day at ₹1,790.00, not far from its 52-week high. The company announced on 15 Oct 2026 robust earnings growth for Q2 with a net income increase compared to the previous year. Meanwhile, Hewlett Packard Enterprise (NYSE:HPE) lagged, down 7.1% to close at $58.63.

Akamai Technologies' strategic shift towards high-value CIS and AI-centric security contracts could drive revenue growth, making current valuations potentially attractive. Discover more insights into Akamai's unfolding investment narrative.

Don't miss our Market Insights article, uncovering how open-source AI models like Kimi K3 are reshaping the investment landscape.

Best Cloud AI Stocks

  • Oracle (NYSE:ORCL) settled at $134.47 up 3%. This week, Oracle, Marvell, and Microsoft announced a collaboration to standardize integrated HSMs for cloud security under the Open Compute Project.
  • Microsoft (NasdaqGS:MSFT) ended the day at $539.44 up 1.1%, not far from its 52-week high. Microsoft announced on 15 Oct that its Copilot is now integrated with multiple tools, providing enhanced AI capabilities for legal professionals.
  • Alphabet (NasdaqGS:GOOGL) finished trading at $349.22 up 0.5%. Five days ago, the company announced a strategic collaboration with XPENG for in-car Google Play integration, enhancing AI-powered cockpit experiences.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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