A telecom company got $5 billion in new AI deals - and its stock is up 93%
Briefly

from Quartz2 months ago
Lumen Technologies secures $5 billion in new business for fiber networks due to AI demand, with potential $7 billion more as AI needs rise.
Quartzhttps://qz.com/lumen-technologies-telecom-fiber-billion-ai-stock-1851614878?utm_medium=sharefromsite&utm_source=quartz_twitter
CEO Kate Johnson emphasizes the importance of powerful network infrastructure for managing data flows in the booming AI economy and foresees one of the internet’s largest expansions.
Quartzhttps://qz.com/lumen-technologies-telecom-fiber-billion-ai-stock-1851614878?utm_medium=sharefromsite&utm_source=quartz_twitter
Lumen's stock surges 93% due to AI-related business growth, partnering with Microsoft for cloud and AI transformation to meet rising demands.
Quartzhttps://qz.com/lumen-technologies-telecom-fiber-billion-ai-stock-1851614878?utm_medium=sharefromsite&utm_source=quartz_twitter
Lumen's strategic fiber network, digital services, and Microsoft partnership position it to drive AI growth by facilitating enhanced connectivity between data centers.
Quartzhttps://qz.com/lumen-technologies-telecom-fiber-billion-ai-stock-1851614878?utm_medium=sharefromsite&utm_source=quartz_twitter
Read at Quartz
#lumen-technologies #stock-performance #fiber-networks #microsoft-partnership
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