The SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions

Bernstein analyst Laurent Yoon has shifted his stance, no longer recommending any major telecommunications stocks due to anticipated volatility, particularly warning about SpaceX's growing influence. This shift suggests AT&T's stock could face prolonged pressure as SpaceX continues to expand its satellite internet service, potentially disrupting traditional telecom revenue streams. Yoon's caution underscores a broader industry challenge as companies adapt to new competition in a space that's rapidly evolving with technological advancements.