**Lumen Technologies announced nearly $13 billion in AI infrastructure contracts with major tech firms like Microsoft, Anthropic, and Amazon Web Services (AWS), solidifying its position in the growing AI market.** The company, which saw its stock price surge over 400% in three years and 170% in the past year, has developed a robust fiber network spanning 80 million miles across North America.
In May, Lumen acquired Alkira, a cloud connectivity software firm, for $475 million, aimed at enhancing data center communications and reducing operational costs. The company’s stock, trading at less than its annual sales, has been largely overlooked despite its strategic shifts and partnerships with industry leaders. However, Lumen still faces challenges, including a significant debt of $17 billion and a year-over-year revenue decline of 3.2%.
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