Why Lumen Stock Is Surging Today

Lumen (LUMN 6.26%) stock is soaring in Friday's trading. The company's share price was up 7.8% as of 3 p.m. ET amid a 0.4% increase for the S&P 500 index and a 0.5% gain for the Nasdaq Composite index.In addition to positive momentum for the broader market, Lumen is getting a big boost from Broadcom's recent earnings report. Broadcom is a designer of connectivity and networking chips and has become a key bellwether for the artificial intelligence (AI) space -- and it just posted better-than-expected quarter ...