Mobile, which hit an all-time this week, fell as much as 2.8% to $197.05 after the forecast, suggesting the outlook may have disappointed some investors.

T-Mobile US Inc. outlined its growth ambitions for the next three years on Wednesday, forecasting higher profit fueled by customer gains and enhanced by new technologies, including artificial intelligence.

T-Mobile aims to grow its wireless broadband subscriber base to 12 million by the end of 2028, in a bearish development for cable TV stocks.