# Akamai Trades at Lower Earnings Multiple as AI Traffic Grows

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26243
Published: 2026-10-01T23:17:57.000Z
Updated: 2026-10-01T23:17:57.000Z
Section: Business

> Fastly shares have risen 159% this year, while Akamai has gained 22%. Jim Cramer favored Akamai among the three companies because of its lower valuation.

AI agents are increasing activity across internet infrastructure networks, drawing attention to Cloudflare, Akamai Technologies and Fastly as their shares and valuations diverge.

Fastly shares have risen 159% year to date. Cloudflare is up 78%, and Akamai has gained 22%, compared with an approximately 12% advance for the S&P 500.

Cloudflare CEO Matthew Prince said in June that traffic from AI agents had surpassed human traffic on the company’s network. Cloudflare trades at roughly 279 times expected earnings for this year.

Akamai is building smaller data centers intended to process AI workloads closer to users and reduce delays. Anthropic committed $11.6 billion to Akamai for additional computing capacity over the next seven years. Akamai’s shares initially rose on the announcement before giving back most of the gains.

Akamai trades at less than 16 times expected earnings for this year. Jim Cramer favored Akamai among the three stocks because of its lower earnings multiple.

Fastly is moving beyond its traditional content delivery network toward an “edge cloud” platform, with infrastructure positioned closer to where it is needed. Its shares trade at roughly 50 times expected earnings.