Lumen's Q2: Can AI Revenue Outshine a Mountain of Debt?
Lumen(LUMN) MarketBeat·2024-08-07 21:08
Lumen Technologies NYSE: LUMN is known for its legacy telecommunications business. However, recently, Lumen's stock price has skyrocketed over 150%. The catalyst? A surge in demand for high-capacity fiber optic networks that are crucial for powering the artificial intelligence (AI) boom. However, this excitement is tempered by a stark reality: Lumen carries a significant debt load, raising questions about whether the AI-driven growth spurt can indeed turn its fortunes around. Get Lumen Technologies alerts: ...