Lumen Technologies News: What Is Going On With LUMN Stock Today?
LUMNLumen(LUMN) Investor Place·2024-08-06 23:32

Today, a little-known company is making waves on Wall Street. Lumen Technologies (NYSE:LUMN) is a penny stock but it likely won't be for long. The telecommunications company is surging today on news that it has secured $5 billion in new business deals, primarily due to demand for its artificial intelligence (AI) applications. One deal is with tech sector leader Microsoft (NASDAQ:MSFT), who has confirmed plans to "use Lumen's network equipment to expand its capacity for AI workloads." This shows that AI dema ...