13 Best Edge Computing Stocks to Buy According to Hedge Funds

11. Akamai Technologies, Inc. (NASDAQ:AKAM)

Number of Hedge Fund holders: 37

Akamai Technologies, Inc. (NASDAQ:AKAM) is one of the world’s largest Content Delivery Networks (CDN). It operates over 4,300 edge locations in 130 countries and in over 700 cities. This allows it to process data and run applications close to users. It serves the SaaS industry by providing solutions for security, analytics, and the delivery of media and content. The company manages a significant share of the internet’s daily data flow. Its security tools also run at the edge, preventing cyberattacks before they reach the customer’s core infrastructure.

Akamai Technologies, Inc. (NASDAQ:AKAM) recently said that Devsisters Inc. has opted to deploy its cloud computing platform, Akamai Cloud, to bolster its global game services infrastructure. Through this deployment, Devsisters, a Korean game developer, expects a smoother deployment and scaling process for new game releases, large-scale updates, and in-game events, ensuring high-quality experiences for its growing global audience.

On March 27, the company unveiled Akamai Cloud Inference, hoping to get into the artificial intelligence deployment landscape. This is designed to make it easier for businesses to turn predictive and large language models into real-world actions. Akamai Cloud Inference offers 3 times better throughput, along with 60% less latency and 86% cost savings.