0940 ET - Investors are skittish about Akamai's higher capital spending plans but KeyBanc analysts say the spending will drive revenue growth long-term. AI companies need GPU chips and Akamai's capital investment will allow it to supply GPU capacity to those customers at an attractive price. Part of the increase in spending is due to higher memory costs, but it's also an intention to expand capacity to meet growing demand. "Akamai will not invest that capital unless it has GPU demand. Ipso facto, increased capex means GPU demand is real and revenue is on the way," the analysts say. "Capex today is GPU revenue tomorrow." Akamai sinks 9% in early trading. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 09:40 ET (14:40 GMT)

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