Why Lumen Stock Sank Today
Lumen (NYSE: LUMN) stock lost significant ground Monday. The company's share price closed out the day down 7.1%. The broader market saw bearish momentum in the session, with the S&P 500 and the Nasdaq Composite falling 0.5% and 1.3%, respectively.Tech stocks retreated today as investors braced for potential impacts from Nvidia's upcoming quarterly report. Lumen and other artificial intelligence (AI) stocks also saw their valuations pressured by recent reports about Microsoft's data center spending plans.Nvidia will report its fourth-quarter results and host an investor conference call after the market closes on Wednesday, and it's poised to be the most important earnings release of 2025 so far. The average Wall Street analyst estimate anticipates that the business will have posted net income of roughly $21.2 billion on revenue of $38 billion. Continue reading
Lumen (NYSE: LUMN) stock lost significant ground Monday. The company's share price closed out the day down 7.1%. The broader market saw bearish momentum in the session, with the S&P 500 and the Nasdaq Composite falling 0.5% and 1.3%, respectively.
Tech stocks retreated today as investors braced for potential impacts from Nvidia's upcoming quarterly report. Lumen and other artificial intelligence (AI) stocks also saw their valuations pressured by recent reports about Microsoft's data center spending plans.
Nvidia will report its fourth-quarter results and host an investor conference call after the market closes on Wednesday, and it's poised to be the most important earnings release of 2025 so far. The average Wall Street analyst estimate anticipates that the business will have posted net income of roughly $21.2 billion on revenue of $38 billion.
