Akamai forecasts downbeat quarterly profit, shares fall

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Feb 19 : Akamai Technologies forecast first-quarter adjusted profit below Wall Street estimates on Thursday, signaling that the ongoing memory supply squeeze will increase costs, sending its shares down nearly 9 per cent after the bell. The rapid build-out of artificial intelligence infrastructure by big tech firms has absorbed much of the world's memory chip supply, lifting prices as manufacturers prioritize components for higher-margin data centers over consumer devices.  CEO Tom Leighton

Akamai forecasts downbeat quarterly profit, shares fall https://www.channelnewsasia.com/ - 00:58

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Akamai forecasts downbeat quarterly profit, shares fall https://www.channelnewsasia.com/ - 00:58