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The Nexus
TECHNOLOGYMay 8 · 11:26 UTCCNBC TOP

A cloud computing stock is soaring more than 25%. Here’s what’s driving the rally

Akamai reported first-quarter earnings with a 40% year-on-year growth in its cloud infrastructure business, driving a rally in the stock price of over 25%. The company's strong performance is attributed to its cybersecurity and cloud computing services. This growth indicates a positive trend for Akamai's cloud computing business.

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