Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Akamai Technologies, long associated with content delivery, cybersecurity, and the infrastructure that keeps the internet running, has suddenly emerged as a much bigger participant in the AI infrastructure race.</li><li>Its seven-year, $11.6 billion agreement to provide computing services to Anthropic could expand by another $9 billion if the AI developer requires additional capacity, potentially taking the relationship to $20.6 billion.</li><li>The scale is striking relative to Akamai’s existing business: analysts noted that annual recurring revenue from the initial commitment alone would exceed five times its 2025 cloud infrastructure services revenue and equal roughly 40% of its $4.2 billion total 2025 revenue.</li></ul>

Akamai Technologies, long associated with content delivery, cybersecurity, and the infrastructure that keeps the internet running, has suddenly emerged as a much bigger participant in the AI infrastructure race.Its seven-year, $11.6 billion agreement to provide computing services to Anthropic could expand by another $9 billion if the AI developer requires additional capacity, potentially taking the relationship to $20.6 billion.The scale is striking relative to Akamai’s existing business: analysts noted that annual recurring revenue from the initial commitment alone would exceed five times its 2025 cloud infrastructure services revenue and equal roughly 40% of its $4.2 billion total 2025 revenue.

Akamai Technologies Scores $11.6 Billion AI Jackpot—Could Anthropic Turn It Into The Next Nvidia Story?

<ul><li>Akamai Technologies, Inc. reported second-quarter 2026 revenue of $1.1 billion, up 5% year over year both as reported and in constant currency.</li><li>Cloud Infrastructure Services generated $99 million, rising 39% year over year in line with expectations.</li><li>Security revenue increased 10% to $604 million, supported by demand for web application firewall, API security, and microsegmentation solutions.</li></ul>

Akamai Technologies, Inc. reported second-quarter 2026 revenue of $1.1 billion, up 5% year over year both as reported and in constant currency.Cloud Infrastructure Services generated $99 million, rising 39% year over year in line with expectations.Security revenue increased 10% to $604 million, supported by demand for web application firewall, API security, and microsegmentation solutions.

Akamai Technologies’ $600 Million Robotics Deal — A New Cloud Growth Engine Emerges!

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>Anthropic, OpenAI, xAI, Xiaomi and Stepfun all shipped model updates, with price cuts and open weights at the center of the week.</li>
<li>AI infrastructure financing stayed active across Akamai, Nscale, Firmus, Oracle-linked data centers, CoreWeave facilities and SoftBank debt.</li>
<li>Regulatory and security news focused on Pentagon supply-chain controls, OpenAI evaluation incidents and US review before UK model testing.</li>
</ul>


Anthropic, OpenAI, xAI, Xiaomi and Stepfun all shipped model updates, with price cuts and open weights at the center of the week.
AI infrastructure financing stayed active across Akamai, Nscale, Firmus, Oracle-linked data centers, CoreWeave facilities and SoftBank debt.
Regulatory and security news focused on Pentagon supply-chain controls, OpenAI evaluation incidents and US review before UK model testing.


This Week in AI (Sep 20-26): Opus 5.5 and GPT-6 Launch Cheaper; Data Center IPO Delays

<ul><li>Akamai Technologies, Inc. delivered a mixed but forward-looking first quarter of 2026, reflecting progress in its strategic shift toward cloud infrastructure services (CIS) with a particular focus on AI-driven workloads, alongside continued strength in its security portfolio and ongoing challenges in its traditional delivery business.</li><li>Total revenue for Q1 reached $1.074 billion, representing a 6% year-over-year increase as reported, driven primarily by a 40% increase in CIS revenue to $95 million and an 11% growth in security revenues to $590 million.</li><li>These gains were partially offset by a 7% decline in delivery and other cloud applications revenue, a trend attributed to the lingering impact of the Edgio transaction completed in 2025.</li></ul>

Akamai Technologies, Inc. delivered a mixed but forward-looking first quarter of 2026, reflecting progress in its strategic shift toward cloud infrastructure services (CIS) with a particular focus on AI-driven workloads, alongside continued strength in its security portfolio and ongoing challenges in its traditional delivery business.Total revenue for Q1 reached $1.074 billion, representing a 6% year-over-year increase as reported, driven primarily by a 40% increase in CIS revenue to $95 million and an 11% growth in security revenues to $590 million.These gains were partially offset by a 7% decline in delivery and other cloud applications revenue, a trend attributed to the lingering impact of the Edgio transaction completed in 2025.

Akamai Goes All-In On AI Cloud — Can CIS Offset Delivery Weakness?

<ul><li>Akamai Technologies has entered a notable strategic phase as it pushes deeper into AI infrastructure, cloud computing, and security.</li><li>On its Q1 2026 earnings call, management highlighted a $1.8 billion, seven-year cloud infrastructure commitment from a leading frontier model company, following a separate $200 million cloud infrastructure services deal announced earlier in the year.</li><li>The company also reported 40% year-over-year growth in Cloud Infrastructure Services revenue and 11% growth in security revenue, while signaling expectations for double-digit total company revenue growth in 2027.</li></ul>

Akamai Technologies has entered a notable strategic phase as it pushes deeper into AI infrastructure, cloud computing, and security.On its Q1 2026 earnings call, management highlighted a $1.8 billion, seven-year cloud infrastructure commitment from a leading frontier model company, following a separate $200 million cloud infrastructure services deal announced earlier in the year.The company also reported 40% year-over-year growth in Cloud Infrastructure Services revenue and 11% growth in security revenue, while signaling expectations for double-digit total company revenue growth in 2027.

Akamai Technologies Takeover Strategy: Why LayerX Could Change Its Zero Trust Future!

United States

Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on websites, to tools that help people transact business and reach out to new and existing customers.

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Akamai Technologies (AKAM US)

Akamai Technologies Scores $11.6 Billion AI Jackpot—Could Anthropic Turn It Into The Next Nvidia Story?

Akamai Technologies, long associated with content delivery, cybersecurity, and the infrastructure that keeps the internet running, has suddenly...

Baptista Research

Akamai Technologies’ $600 Million Robotics Deal — A New Cloud Growth Engine Emerges!

Akamai Technologies, Inc. reported second-quarter 2026 revenue of $1.1 billion, up 5% year over year both as reported and in constant...

Baptista Research

This Week in AI (Sep 20-26): Opus 5.5 and GPT-6 Launch Cheaper; Data Center IPO Delays

This week in AI: Anthropic and OpenAI cut frontier-model costs, Grok 4.7 entered major coding channels, and financing stress hit infrastructure.

Ke Yan, CFA, FRM

Akamai Goes All-In On AI Cloud — Can CIS Offset Delivery Weakness?

Akamai Technologies, Inc. delivered a mixed but forward-looking first quarter of 2026, reflecting progress in its strategic shift toward cloud...

Baptista Research

Akamai Technologies Takeover Strategy: Why LayerX Could Change Its Zero Trust Future!

Akamai Technologies has entered a notable strategic phase as it pushes deeper into AI infrastructure, cloud computing, and security. On its Q1...

Baptista Research

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