Lumen Technologies Soars 15% After Strategic Partnership with Meta

Lumen Technologies (NYSE:LUMN) saw its shares surge by more than 15% intra-day today following the announcement of a strategic collaboration with

Meta Platforms (NASDAQ:META) designed to significantly expand network capacity to support Meta’s rapidly growing artificial intelligence (AI) infrastructure.

The partnership will tap into Lumen’s Private Connectivity Fabric, providing Meta with enhanced interconnection capabilities and greater bandwidth flexibility. This boost is aimed at enabling Meta to meet the increasing demands for AI-driven services, which are critical to its long-term vision of advancing AI technology for a more connected world.

This move underscores the escalating demand for infrastructure as AI applications continue to evolve, tackling complex tasks like real-time language translation and image generation. Through this initiative, Meta will gain access to both existing and new fiber routes between data centers, ensuring it can seamlessly scale to meet the needs of billions of users worldwide.