Should Investors Buy Lumen Technologies Stock?
Lumen Technologies' (NYSE: LUMN) stock has long struggled. Despite its extensive fiber holdings, declines in legacy telecom businesses were calling into question its future.
However, in 2024, it began to benefit from a dramatic reversal of fortune thanks to artificial intelligence (AI). Some of tech's top companies have contracted with the company for Private Connectivity Fabric (PCF), a type of custom network architecture that helps data centers handle high bandwidth and reduce latency.
Despite this green shoot, doubts about its finances remain, though the stock is up about 125% from its low in late April. Given the current circumstances, can investors still profit from buying Lumen stock?
Source Fool.com
