Why Lumen Technologies Stock Jumped 77.3% Today
LUMNLumen(LUMN) The Motley Fool·2024-07-31 04:38

The boom in AI data centers could pay off for Lumen Technologies.Shares of Lumen Technologies (LUMN 37.63%) got a huge boost today from another company's earnings report. Corning (GLW -6.89%) announced that it's selling 10% of its fiber capacity for the next two years to Lumen, and investors loved the news. Shares jumped as much as 77.3% in parabolic trading mid-day before falling back to close the day up 38%.Lumen's Corning dealLast week, Lumen announced that it has partnered with Microsoft (MSFT -0.89%) t ...