Why Lumen Technologies Stock Is Soaring Today

Stock Performance - Lumen Technologies stock surged 6 3% as of 3 20 p m ET, outperforming the S&P 500 (up 0 7%) and Nasdaq Composite (up 1 3%) [1] - Earlier in the session, the stock had been up as much as 11 3% [1] AI Infrastructure Investment - OpenAI, Oracle, and Softbank announced a joint venture called Stargate, planning to invest up to $500 billion in US data centers over the next four years [2][3] - The initial investment for Stargate is$100 billion to build domestic data centers, with potential spending reaching $500 billion within Trump's term [3] Strategic Partnerships - Lumen secured major data center partnerships with Microsoft and Meta Platforms in the second half of last year [4] - The company's private connectivity fabric (PCF) solutions are already being used by Microsoft and Meta, the two largest spenders on AI infrastructure [5] Future Prospects - The Stargate venture could potentially benefit Lumen, as the company may seek similar PCF hardware and services used by Microsoft and Meta [5] - Lumen is experiencing strong demand in the AI category, which could help improve earnings and reduce its large debt load [6]