Lumen Technologies Gets $5 Billion in New Business on AI Boom
LUMNLumen(LUMN) Investopedia·2024-08-06 23:01

Key Takeaways Lumen Technologies said it secured $5 billion in new business because of booming demand for AI connectivity. The telecom firm said it's also in active discussions with customers for an additional $7 billion in AI sales opportunities. Lumen is expanding its network to deal with the soaring demand. Shares of Lumen Technologies (LUMN) skyrocketed Tuesday, a day after the telecom provider announced it had secured $5 billion in new business because of soaring demand for artificial intelligence (AI) ...