Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom.
Lumen stock closed 93% higher on Tuesday, the biggest jump on record to the highest value since February 2023. Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images --
Lumen’s shares shot higher in recent days, recording a record one-day jump Tuesday and continuing their gains Wednesday.
Bonds Business Company News Hardware Industry Markets North America Technology Telecom Communications Top News Unites States World Top World
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft aims to boost AI workload capacity with Lumen Technologies partnershipMicrosoft said in April that a shortage of data center infrastructure needed to deploy AI models was hampering its ability to capitalize on the boom in the...
Read more »
Instacart, Reddit, Lumen Technologies: After-hours moversA slew of companies released their latest quarterly reports after the market close. Asking for a Trend anchor Josh Lipton takes a closer look at what's...
Read more »
Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlookShares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free...
Read more »
Lumen secures $5B in new business amid AI boomShares of Lumen Technologies (LUMN) jumped almost 90% on Tuesday afternoon after receiving $5 billion in new business, fueled by demand for AI. Market...
Read more »
Lumen raises annual free cash flow estimates as AI adoption drives demandLumen has been seeing a growing need for its high-capacity fiber, which enables secure digital connections for data centers supporting AI ventures. The...
Read more »
Skechers, Deckers, Norfolk Southern, L3Harris Technologies: After-hours moversIt's earnings season, meaning lots of companies are seeing some moves in after-hours trading. Skechers (SKX) reported mixed second quarter results...
Read more »