Don't Buy Lumen Technologies Stock Until Reality Backs Up the Hype

Investors should let Lumen show them where it's headed rather than tell them.Formerly known as telecom company CenturyLink, Lumen Technologies (LUMN 1.03%) has been in the midst of a rebrand and pivot since 2020 amid the artificial intelligence (AI) boom. Like many AI stocks this year, Lumen has put up market-beating returns: It's up 38% through Dec. 22, compared to the S&P 500's gain of 17%.Despite the stock's recent success, let me be the first to say this to prospective investors: Wait until reality matc ...