Lumen Stock Surges After $2.4 Billion Debt Move Puts AI Fiber Turnaround in Focus
Lumen Technologies Inc. shares surged roughly 14% Thursday, as investors zeroed in once more on the telecom’s debt reduction efforts and its push to build a network tailored for AI. The stock was changing hands at $10.76, after earlier reaching as high as $11.27. Volume topped 20 million shares.