12 Best Stocks to Invest in for a Stock Market Game

3. Lumen Technologies, Inc. (NYSE:LUMN)

Price momentum over the past year: 214.91%

Lumen Technologies, Inc. (NYSE:LUMN) is a facilities-based technology and communications company specializing in a range of integrated products and services to target domestic and international markets. With two main segments, namely Business Segment and Mass Market Segment, the company provides communications, network services, security, cloud solutions, and managed services. It also deals in professional services and other ancillary services. The business operations of this Louisiana-based company span North America, Europe, the Middle East, Africa, and Asia-Pacific. The company is committed to streaming innovation by connecting people, data, and apps to drive business growth.

In just a year, Lumen Technologies, Inc. (NYSE:LUMN) has witnessed a growth of over 200%. In its recent earnings call, the company aimed to become the “Backbone for the AI economy”, and this is what will drive its future success. The company considers this year to be the year of investments, with an emphasis on building a network based on AI.

Concerning this, the previous fiscal year was crucial to the company’s plans as it secured $8.5 billion in private connectivity deals with tech powerhouses like Google Cloud, Meta, AWS, and Microsoft. The company can also capitalize on these relationships to increase its offerings and build an image of a trusted network for AI workloads.

Another key development surrounding the company is its collaboration with OneVizion, which further reaffirms Lumen Technologies, Inc. (NYSE:LUMN)’s AI vision. This attempt to revolutionize the future of telecom infrastructure will allow a seamless deployment and lay the basis for the growth of AI-driven networks.

Based on the forecasts by CNN Business, Lumen Technologies, Inc. (NYSE:LUMN)  has a strong likelihood of outperforming the market, with a 12-month price target as high as $6.5, reflecting an upside of around 28%. As long as the company’s focus remains AI, we can conclude that the stock is worth the attention.