Reported 2 months ago
Lumen Technologies saw its shares surge by 30% after the company raised its annual free cash flow forecast, driven by strong demand associated with artificial intelligence. The stock reached its highest point since October 2022, nearly doubling from its previous value due to securing $5 billion in new deals with major tech companies like Microsoft, resulting in an expected cash flow increase to between $1 billion and $1.2 billion.
Source: YAHOO