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ATUS' Lightpath Rides on Solid AI-Driven Demand: Stock to Benefit?
ATUSAltice USA(ATUS) ZACKS·2025-01-17 22:52

Altice USA Inc. (ATUS) subsidiary Lightpath has witnessed healthy traction from AI (artificial intelligence)-driven demand for scalable infrastructure for seamless broadband connectivity. This all-fiber Internet service provider booked about $110 million worth of AI-driven digital infrastructure sales to hyperscalers in 2024 and boasted an order backlog of approximately $1 billion. Much of this demand was attributable to the exponential bandwidth growth for current and future AI initiatives. With low latenc ...