We recently published Wall Street Can’t Keep up With These 10 Crushing Stocks; 6 at Fresh Record Highs. Lumen Technologies, Inc. (NYSE:LUMN) is one of the best-performing on Monday.

Lumen Technologies ended two straight days of losses on Monday to climb to a new all-time high, as investors took heart from higher adjusted EBITDA growth outlook for full-year 2025 and plans to save $1 billion in costs annually.

In a statement late last week, Lumen Technologies, Inc. (NYSE:LUMN) said its multi-year transformation initiative to modernize and simplify costs to streamline network infrastructure, product portfolio, and IT systems is expected to deliver $1 billion in cost savings after 2027.

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Meanwhile, the company reaffirmed its growth outlook for full-year 2025, with total adjusted EBITDA expected to hit $3.2 billion to $3.4 billion.

Capital expenditures were on track to hit $4.1 billion to $4.3 billion, as the company ramps up developments aimed at supporting the artificial intelligence industry.

Last quarter, Lumen Technologies, Inc. (NYSE:LUMN) widened its net loss by 319 percent to $621 million from $148 million in the same period last year on the back of higher expenses.

Meanwhile, adjusted EBITDA fell by 32 percent to $571 million from $843 million, while total revenues dipped by 4.16 percent to $3.087 billion from $3.221 billion year-on-year.

While we acknowledge the potential of LUMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.