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Stock Movers

Sep 25, 2026 · 6 min

Akamai rallies on Anthropic deal as Costco’s beat meets valuation pressure

Akamai-Anthropic Deal; People Inc. Gains as MGM Mulls Making a Bid; Costco Beats

The episode shows how major corporate deals, takeover speculation, and expectations already embedded in prices can produce sharply different stock reactions.

3 key takeaways
  1. 1Akamai surged after signing a seven-year, $11.6 billion computing-power agreement with Anthropic.
  2. 2People Inc. gained as reports suggested MGM Resorts might consider pursuing an acquisition.
  3. 3Costco exceeded profit and sales expectations, but its elevated valuation limited the stock’s response.

Don't miss

Akamai’s seven-year, $11.6 billion computing-power agreement with Anthropic emerges as the episode’s most consequential market catalyst.

The brief

Alexis Christoforous joins Bloomberg’s Stock Movers Report to examine how deal news, takeover speculation, and earnings shaped the day’s market action.

Akamai Technologies rallied after signing a seven-year, $11.6 billion computing-power agreement with Anthropic, while Meta also posted a strong performance and its best month in more than a decade.

People Inc. shares rose as reports suggested MGM Resorts could consider a bid, with discussion also touching on Barry Diller, People’s MGM stake, and bankers’ incentives.

Costco reported higher profit and quarterly sales, received a tariff refund, and cut prices on Kirkland Signature products, reinforcing signs of resilient consumer spending.

Costco’s stock still fell modestly because its strong results were measured against an already elevated forward earnings multiple, making valuation the episode’s clearest tension.

What was said on this episode

1 statement · 1 positive

  1. Alexis Christoforouson CPU-focused cloud infrastructure contractsPositive1:20

    CPU-focused contracts provide better margins than GPU-focused contracts

    “Apparently that is better for margins than, say, GPUs.”

    Listen at 1:20

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.

Featuring

Alexis ChristoforousAlexis Christoforous

Mentioned

ATAkamai TechnologiesAnthropicAnthropicPeople Inc.People Inc.MetaMetaBarry DillerBarry Diller

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Akamai rallies on Anthropic deal as Costco’s beat meets valuation pressure | PodLume