Fastly jumps 8% on cloud rebound, boosted by expanded Jio partnership in India

Fastly's stock surged 8%, leading the cloud software rebound, driven by its expanded partnership with Jio Platforms to power the JioCDN network across India. This deal leverages Fastly's edge cloud on Jio's 5G and broadband infrastructure, potentially boosting web traffic and demand for Fastly's security and compute products. Meanwhile, GPU-focused cloud providers Nebius and CoreWeave showed mixed performance, highlighting a split in the cloud sector. Investors await Fastly's upcoming quarterly report for concrete results from the Jio deal to confirm the rally's sustainability.

Fastly shares rose sharply by 7.75% to USD 24.19 on Pluang, reflecting strong investor interest following its cloud partnership news. Nebius also gained modestly by 0.91%, while CoreWeave declined 1.35%. These figures are as of Oct 24, 2026 00:02 WIB.