Akamai surges 16% after securing $11.6 billion, seven-year contract with Anthropic
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On September 25, US stock indices opened slightly higher, with the Dow up 0.43%, S&P 500 up 0.31%, and Nasdaq up 0.39%. Tech mega-caps showed mixed performance: Microsoft rose over 3% after releasing a new Copilot with Home, Code, and Autopilot AI features, while Meta fell 2.7%. The semiconductor sector gained, with the Philadelphia Semiconductor Index up over 1%, ARM surging over 5%, and ON Semiconductor up over 4%. Akamai Technologies initially surged 16% after announcing a $11.6 billion, seven-year contract commitment with AI company Anthropic. Chinese ADRs were mixed, with the Nasdaq China Golden Dragon Index down 0.2%. International oil prices fell, with WTI and Brent crude declining under 1.5%. Gold and silver gains nearly erased. In geopolitics, Iranian Foreign Minister Araghchi stated Iran submitted a new draft to the US to 'reopen' the Strait of Hormuz and restart negotiations. Sources told Reuters that US and Iranian representatives are discussing a phased agreement involving reopening the strait in exchange for lifting economic sanctions.
Source report
U.S. stocks opened slightly higher on the evening of September 25 (Beijing time). As of 10:00 p.m., the Dow Jones Industrial Average rose 0.43%, the S&P 500 gained 0.31%, and the Nasdaq Composite Index increased 0.39%.
Tech Giants Show Mixed Performance
The "Magnificent Seven" tech stocks displayed divergent trends:
- Microsoft surged over 3%, following the release of a new Copilot version featuring three AI functions: Home, Code, and Autopilot (reported by Caixin).
- Google, Nvidia, and Apple edged slightly higher.
- Meta fell 2.7%.
Semiconductor Sector Rises
The Philadelphia Semiconductor Index climbed over 1%, with notable gains among key players:
- ARM surged over 5%
- ON Semiconductor rose over 4%
- SK Hynix gained over 3%
- SanDisk and ASML each rose over 1%
- Intel bucked the trend, falling 1.8%
Akamai Shares Surge on AI Deal
Akamai Technologies, a legacy internet infrastructure company, initially jumped 16% in early trading before paring gains to 7%. According to Caixin, Akamai announced a significant expansion of its partnership with Anthropic, securing a seven-year contract commitment worth $11.6 billion from the AI company.
Chinese Stocks Mixed
The Nasdaq China Golden Dragon Index fell 0.2%, with individual stocks showing mixed results:
- Century Internet and WeRide dropped approximately 4%
- Pony.ai fell over 3%
- NetEase and Xiaomi Group (ADR) declined over 2%
- Smart Future and Zhihu each surged 7%
Commodities: Oil and Gold
- International oil prices declined, with U.S. crude and Brent crude narrowing losses to within 1.5%, trading at $93.23/barrel and $98.95/barrel, respectively.
- Gold and silver gains nearly erased, with spot gold at $4,276.8/oz and spot silver at $63.86/oz.
Iran-U.S. Negotiations
According to Xinhua News Agency, Iranian Foreign Minister Abbas Araghchi told media on September 24 during the UN General Assembly general debate that Iran has submitted a new draft proposal to the United States, aiming to "reopen" the Strait of Hormuz and restart negotiations.
Separately, sources told Reuters that U.S. and Iranian negotiators are discussing a phased agreement in New York, which would include Iran reopening the Strait of Hormuz in exchange for the U.S. lifting economic sanctions. Araghchi declined to disclose specific details of the draft, stating only that the negotiation terms are no different from the contents of the memorandum of understanding reached between the two sides in June.
Disclaimer: This article is for reference only and does not constitute investment advice. Investors should bear their own risks when acting on the information provided.
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21世纪经济报道Neutral / independent
Part of this Story
Iran Proposes Seven-Day Plan to Reopen Strait of Hormuz, Oil Prices Drop