Fermyon Technologies and Akamai have announced a partnership to introduce edge-native serverless and AI applications by combining Fermyon's WebAssembly (Wasm) Functions engine with Akamai's extensive globally distributed cloud and content delivery network. This collaboration aims to significantly enhance application performance by enabling faster, more efficient, and developer-friendly environments for latency-sensitive and AI inferencing applications. By integrating WebAssembly functionalities with Akamai's existing services, including its EdgeWorkers and CDN, businesses can achieve lower egress costs and faster application response times, paving the way for the development and adoption of more distributed cloud models.

• Akamai Technologies last closed at $81.56 up 0.1%.

In other market news, QXO was a notable mover up 3.3% and finishing the session at $14.01. In the meantime, TD SYNNEX lagged, down 14.3% to end the day at $107.54. On March 27, the company reported first-quarter earnings and reaffirmed its second-quarter guidance.

Akamai Technologies is rapidly expanding in cybersecurity and cloud services, with ambitious revenue growth targets by 2025. Discover more on why this transformation is crucial.

Additionally, explore our Market Insights article on the DeepSeek R1 model, examining its industry-shaking implications for Cloud AI investment—act quickly before the landscape shifts further.

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• Apple closed at $223.85 up 1%.
• Microsoft closed at $390.58 up 0.2%, close to the 52-week low. Two days ago, Microsoft announced a collaboration with EPRI to develop AI solutions in the energy sector, aiming to enhance grid reliability and workforce safety.
• Alphabet finished trading at $162.24 down 1.7%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Akamai and Fermyon First to Support Edge-Native Serverless and AI Applications, Powered by WebAssembly" from Fermyon Technologies, Inc. on GlobeNewswire (published 27 March 2025)

Companies discussed in this article include NYSE:QXO NasdaqGS:AAPL NasdaqGS:MSFT NasdaqGS:AKAM NasdaqGS:GOOGL and NYSE:SNX.

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