Lumen (LUMN) Gains $5B in New Deals on Connectivity Demand
LUMNLumen(LUMN) ZACKS·2024-08-06 22:15

Lumen Technologies, Inc. (LUMN) announced it has secured $5 billion in new business due to significant AIfueled connectivity demand. Additionally, Lumen is actively negotiating with customers to secure another $7 billion in sales opportunities to meet growing customer needs. Following the announcement, shares of LUMN surged 46.7% in the pre-trading session on Aug 6. As AI needs surge, large companies across various industries are urgently seeking fiber capacity, which is becoming both highly valuable and po ...