Lumen Technologies Inc. (NYSE:LUMN) plummeted 10.90% to $10.54 after reaching an all-time high, reflecting broader market concerns about AI stock valuations. The company also reported a 319% increase in net loss and a 32% drop in adjusted EBITDA, while total revenues decreased by 4.16% year-on-year.

Despite the challenging financial figures, Lumen Technologies Inc. (NYSE:LUMN) remains optimistic about its growth outlook for 2025, with projected total adjusted EBITDA ranging from $3.2 billion to $3.4 billion. Capital expenditures are expected to reach $4.1 billion to $4.3 billion as the company focuses on supporting the AI industry.

While LUMN shows investment potential, other AI stocks may offer higher returns with lower risks. Investors seeking an inexpensive AI stock that benefits from Trump tariffs and onshoring can access a free report on the best short-term AI stock. Explore opportunities with 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Read more at Yahoo Finance: Lumen (LUMN) Sheds 10.9% After All-Time High