AT&T Inc. provides telecommunications and technology services worldwide. It operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. It also provides AT&T Dedicated Internet, fiber ethernet and broadband, fixed wireless, and hosted and managed professional services; and copper-based voice and data, Virtual Private Networks (VPN), wholesale, outsourcing, and IP, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, Cricket, AT&T PREPAID, AT&T Fiber, and AT&T Internet Air brand names. Its Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.
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Etherstack Posts Record H1 Revenue, Guides to 70% Growth
Etherstack PLC reported record first-half revenue of $8.5 million, up 40% year-over-year and equal to 84% of its full-year FY25 total, while guiding to full-year revenue of $17.5 million to $18.5 million, implying roughly 70% growth. The company said annual recurring revenue reached $2.7 million in the half and is expected to exceed $5.5 million for FY26 and hit $10 million by 2028. Major contract wins include a $20 million AT&T deal and a $20 million UK government deal, with an order book above $50 million and potential for additional variable components. CEO David Deacon said one-off ramp-up costs of $350,000 to $400,000 tied to UK and US expansion weighed on first-half margins but have largely washed out, setting up significant margin improvement and stronger free cash flow in the second half. The company also said it is undertaking a strategic review to optimize capital structure and shareholder returns, and that exclusivity with Samsung has ended as it broadens relationships with other switch vendors.
T-Mobile Service Revenue Climbs 9% on Postpaid Growth
T-Mobile US reported second-quarter 2026 total service revenues of $19 billion, up 9% year over year, driven by a 13% jump in postpaid service revenues to $15.9 billion. Postpaid accounts reached 34.7 million, up from 31.5 million a year earlier, helped by acquisitions of UScellular and Metronet, while postpaid average revenue per account rose 2% to $152.91. Management said more than 60% of customers on new accounts are selecting premium rate-plan tiers, supporting ARPA growth. The company faces competition from AT&T, which added more than 1 million Advanced Connectivity customers in the quarter, and Verizon, which added 348,000 broadband subscribers. T-Mobile shares have declined 28% over the past year, and the stock currently carries a Zacks Rank #3 (Hold).
EchoStar Corporation reported second-quarter net income of $8.46 billion on total revenues of $3.58 billion, but the profit surge was driven by a $9.73 billion non-cash deconsolidation gain from restructuring. Stripping away accounting adjustments, EchoStar's retail wireless business lost 118,000 net subscribers to close at 7.38 million, while its pay-TV segment lost 241,000 users. AT&T Inc. reported revenues of $31.56 billion and adjusted EPS of $0.65 on July 22, beating Wall Street estimates of $0.59, and generated $4.67 billion in quarterly free cash flow. Hedge fund holders of EchoStar increased from 90 in Q4 to 102 in Q1, while short interest stands at 23.33% of float; AT&T's hedge fund holders fell from 77 to 72, with short interest at just 1.57% of float.
AT&T and Nvidia Bet Open AI Models Won't Hurt AI Economy
AT&T's chief data and AI officer said OpenAI models already power about 25% of the telecom's total AI usage, with a target of 70% to 80% over time, while Nvidia CEO Jensen Huang has spent the past month leading a consortium championing open-weight AI. AT&T says switching from closed proprietary models to open ones cut costs by 80% to 90% in certain applications, and the company processes an average of 45 billion AI tokens a day through a smart router that picks the cheapest suitable model for each task. AT&T also built its own customized open model called OTel and says its AI initiatives have delivered a fivefold return on investment this year. Nvidia's open-weight cheerleading rests on the Jevons paradox that cheaper AI leads to far more usage, which can eat up just as much computing power as before, though the assumption that usage grows enough to offset efficiency gains remains unproven. AT&T was held by 72 hedge funds as of Q1 2026, down from 77, while Nvidia was held by 275, up from 264.
Hark and AT&T Partner on Connectivity for Future AI Devices
Hark announced a partnership with AT&T to bring the next generation of AI-native consumer devices to market, with AT&T also investing in Hark and collaborating on device certification and network connectivity. The collaboration will enable Hark's devices to operate untethered from phones or Wi-Fi, leveraging AT&T's reliable connectivity and advanced network capabilities. Hark founder and CEO Brett Adcock said the relationship helps further the company's mission to put personalized AI in people's hands, while AT&T COO Jeff McElfresh said Hark's vision aligns with where consumer technology is headed. Hark is developing its own foundation models and hardware to create a new interface to artificial intelligence.
Quantum Computing Stocks Show Strong Analyst Upside in August
Wall Street analysts see significant upside in three quantum computing stocks—Rigetti Computing, IonQ, and D-Wave Quantum—despite their speculative nature and recent volatility. Rigetti leads with an implied upside of about 81.4% based on a $28.81 target versus its $18.67 close, supported by a letter of intent for up to $100 million in CHIPS Act funding and a 185.3% year-over-year revenue jump to $5.14 million. IonQ posted record Q2 revenue of $80.05 million, up 286.8% year over year, raised full-year 2026 guidance to $280–$290 million, and carries a 68.19% implied upside from its $46.84 close. D-Wave's first-half bookings surged to $35.5 million from $2.9 million a year earlier, with AT&T integrating its annealing platform to cut processing time from one hour to under 15 seconds, though its implied upside is the smallest at 19.7%.
AT&T Earnings Estimates Rise as Fiber and Wireless Growth Continue
Analysts have raised their earnings estimates for AT&T over the past 60 days, with fiscal 2026 and 2027 projections up 1.29% to $2.35 and 1.18% to $2.57 respectively. The company added more than 1 million fiber locations in the second quarter, bringing total fiber locations to 38.6 million, and expects to exceed 40 million by end of 2026 and 60 million by 2030. AT&T also added 432,000 postpaid phone customers with churn of just 0.86%, and 279,000 fixed wireless connections. However, the company faces high capital expenditure requirements, with net debt-to-adjusted EBITDA at 2.68X and total debt of $144 billion, and management expects leverage to rise to about 3.2X after the planned EchoStar spectrum acquisition. The stock has lost 14% in the past year, underperforming Verizon's 9.3% gain but outperforming T-Mobile's 29.2% decline, and currently trades at 9.86 forward earnings versus the industry's 33.07.
Starlink’s Direct-to-Cellular Push Could Reshape AT&T’s Investment Case
SpaceX’s Starlink announced plans to enter the direct-to-cellular market and target customers from AT&T and other major carriers, sharpening investor focus on how AT&T’s network investments position it against emerging satellite-enabled competition. AT&T recently expanded its network with a new neutral-host distributed antenna system at Mississippi State University’s Davis Wade Stadium, launched the 5G-enabled AT&T amiGO Jr. Tab 2, and completed US$1.10 billion and €1.20 billion floating-rate bond offerings. The company’s investment narrative projects US$136.1 billion in revenue and US$18.3 billion in earnings by 2029, requiring 2.5% yearly revenue growth and a US$3.0 billion earnings decrease from US$21.3 billion today. Some optimistic analysts forecast about US$139 billion in revenue and US$18.7 billion in earnings by 2029, though Starlink’s entry could pressure wireless churn and margins.
SpaceX Plans Starlink Mobile Service by End of 2027, Challenging Major U.S. Carriers
SpaceX President Gwynne Shotwell announced on an earnings call that Starlink Mobile will begin service at the end of 2027, aiming to acquire customers from AT&T, Verizon, and T-Mobile. The plan sent shares of all three carriers lower on Wednesday before they rebounded Thursday, with T-Mobile gaining 3.75%, AT&T 2.82%, and Verizon 1.12%. T-Mobile CEO Srini Gopalan told the Financial Times the threat is exaggerated, arguing satellites will remain complementary to cellular networks. Starlink's current direct-to-phone service uses about 5 MHz of borrowed spectrum, but following FCC approval of two SpaceX deals totaling $19.6 billion for 65 MHz of EchoStar spectrum with terrestrial rights, and a planned tenfold increase in next-generation mobile satellites, Shotwell said the upgraded service could be roughly 100 times more capable. Analysts remain skeptical, with Craig Moffett of MoffettNathanson telling Reuters it is extraordinarily challenging to imagine a competitive direct-to-consumer service within five years. Shotwell acknowledged the need for a terrestrial component, describing a plan to attach small cellular base stations to Starlink dish mounts rather than building large towers.
Elon Musk Says Starlink Could Generate Over $1 Trillion in Annual Revenue
SpaceX CEO Elon Musk projected that Starlink could eventually generate more than $1 trillion in annual revenue, responding to venture capitalist David Friedberg's bullish assessment on the All-In podcast. Friedberg noted Starlink had 12 million subscribers after doubling its user base year over year, with connectivity revenue reaching $4.29 billion, up 66% year over year, and estimated the business could eventually achieve $40 billion in annual revenue and $30 billion in annual free cash flow. Musk said bandwidth demand will increase massively due to AI and robotics, and even if the communications market merely doubles, he expects Starlink to capture at least 25% of the market outside China, translating to more than $500 billion in annual revenue. He added it is not out of the question that Starlink could carry more than 50% of global internet traffic, potentially generating over $1 trillion annually. SpaceX president Gwynne Shotwell said Starlink Mobile is expected to begin service at the end of 2027 and could attract customers from AT&T, Verizon, and T-Mobile, while T-Mobile's CEO argued satellite connectivity will likely complement traditional cellular networks.
SpaceX earnings call remarks jolt telecom and energy stocks
SpaceX's latest earnings call triggered sharp moves in telecom and energy stocks after executives outlined plans to build a terrestrial wireless network and massive power infrastructure. COO Gwynne Shotwell said Starlink would target customers of AT&T, Verizon, and T-Mobile, which together generate roughly $600 billion a year, causing shares of those carriers to drop. Deutsche Telekom CEO Timotheus Hottges acknowledged the market reaction, calling it overblown but saying the company takes SpaceX's ambitions seriously. Separately, Elon Musk's comments about building 20 gigawatts of power lifted natural gas equipment suppliers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. The call also boosted Nvidia after Musk said SpaceX would build exclusively on its Vera Rubin architecture, and highlighted Echostar's 261.8 million share stake in SpaceX as a direct beneficiary.
AT&T Closes $23 Billion Spectrum Deal with EchoStar
AT&T closed a $23 billion acquisition of wireless spectrum licenses from EchoStar on July 28, adding roughly 50 MHz of low-band and mid-band spectrum covering more than 400 markets. The deal includes about 30 MHz of nationwide 3.45 GHz mid-band and 20 MHz of nationwide 600 MHz low-band, aimed at boosting 5G capacity and speeds. AT&T also extended its wholesale network partnership with EchoStar, which will continue operating as a hybrid mobile network operator under the Boost Mobile brand. The transaction arrives as AT&T shares have climbed 18% since the start of July, recovering ground lost after SpaceX's public debut in June spooked telecom investors. Second-quarter revenue rose over 2% to $31.6 billion, with diluted EPS of $0.66, and the company reiterated plans to reach more than 40 million fiber locations by the end of 2026.
AT&T Expands D-Wave Quantum Computing Deal for Network Operations
AT&T has agreed to expand its use of D-Wave Quantum's computing technology across its network operations, moving from proof-of-concept testing to broad operational deployment. The telecom giant plans to apply D-Wave's platform to additional workloads including outage detection, technician routing, and traffic management after early testing cut an optimization workload's processing time from one hour to under 15 seconds. D-Wave ended the second quarter with approximately $546.2 million in cash and marketable securities, while hedge fund ownership rose to 26 funds in the first quarter from 22 in the prior quarter. The expanded deal provides important validation for D-Wave's quantum computing platform, which targets optimization problems such as routing and scheduling.
AT&T selects Ericsson to deploy 600 MHz radios for newly acquired spectrum
AT&T has chosen Ericsson to supply 600 MHz dual-band radios that will put newly acquired spectrum from EchoStar to work across its nationwide wireless network. The 600 MHz spectrum travels farther and penetrates buildings better than higher-frequency bands, improving coverage in urban and rural areas as well as indoors. AT&T is more than 60% through its network modernization, and in upgraded areas customers are seeing up to a 2x improvement in average speeds, a 10% reduction in dropped and blocked calls, and up to 70% fewer instances of slower data speeds. The Ericsson radios also enable AT&T to deploy 8RX technology on low bands for the first time, reducing uplink interference by up to 80% and strengthening performance for AI-driven applications. The capital investments are included in AT&T’s second-quarter 2026 financial outlook, with further deployment details to be announced later.
VoIP-Pal Granted Leave to File Amended Antitrust Complaint Against AT&T, Verizon, and T-Mobile
VoIP-Pal.com Inc. has been granted leave by the United States District Court for the District of Columbia to file an amended complaint focusing on federal antitrust claims under the Sherman Act against AT&T, Verizon, and T-Mobile. The amended complaint, limited to 60 pages and due within 30 days, will detail allegations that the carriers and mobile platform providers excluded independent Wi-Fi calling providers from the market. VoIP-Pal will streamline the litigation by dropping several counts, including RICO claims, to concentrate on the Sherman Act claims that are central to all four pending actions. CEO Emil Malak stated the amended complaint will more clearly show how the defendants' conduct foreclosed competition and prevented VoIP-Pal from entering the market.
Azio AI Holdings Completes Merger, Secures $27.9 Million AI Infrastructure Deal
Azio AI Holdings has completed its merger with AZIO AI Corporation and changed its Nasdaq ticker from EVTV to AZIO, marking its transformation into a dedicated AI infrastructure company. The company announced a $27.9 million AI infrastructure and capacity agreement with Power Champion Investment Limited, scalable to as much as $100 million as deployment expands, and has received initial deposits. It also executed a Master Services Agreement with AT&T, committing approximately $2.4 million for high-capacity fiber services to support its planned 500-megawatt Texas AI infrastructure platform. Additionally, AZIO AI entered into a Power Purchase and Hosting agreement with a GPU customer for an initial modular buildout at the Texas site. The company is building an integrated platform spanning AI data centers, enterprise GPU compute, high-performance computing, and digital power solutions, targeting enterprise, institutional, hyperscale, and government-related customers.
D-Wave Quantum Q2 earnings preview shows expected loss decline and revenue growth
D-Wave Quantum is set to report second-quarter earnings on August 5 before the market opens, with analysts projecting a loss of $0.09 per share on revenue of $4.03 million, representing a 30% year-over-year revenue increase. Over the last three months, EPS estimates have seen three upward revisions and eight downward moves, while revenue estimates have had two upward revisions and twelve downward moves, indicating a cautious analyst stance. Management previously guided that Q2 revenue would rise modestly sequentially, with a substantial portion of the year's revenue recognized in the second half, and raised its system shipment outlook for 2026 to two or three deals per year, including a $20 million purchase order from Florida Atlantic University and a $10 million agreement with an unnamed Fortune 100 company. Investors will also look for commentary on a recent deal with AT&T to expand quantum computing use for network optimization, and on a hardware breakthrough in quantum error correction announced ahead of earnings.
AT&T Launches amiGO Jr. Tab 2 for Kids at $4.99 a Month
AT&T has introduced the amiGO Jr. Tab 2, an upgraded tablet designed for children, now available online and in stores. The device runs on AT&T's 5G network and features an 8.7-inch anti-glare display, a stylus pen, and all-day battery life. Current promotional pricing lowers the cost from $6.67 per month to $4.99 per month over 36 months with bill credits and a qualifying new line and installment plan. Without the installment plan, the tablet retails for $239.99. The amiGO Jr. Tab 2 is part of AT&T's exclusive lineup of kid-focused devices, which also includes the amiGO Jr. Phone and amiGO Jr. Watch 2, and is managed through the AT&T amiGO companion app for parental controls.
Shopify surges 26% premarket on earnings beat while AMD slides 8.8%
U.S. stock futures were broadly higher on Wednesday as Shopify jumped 26% in premarket trading after reporting second-quarter revenue of $3.58 billion, topping analysts' expectations of $3.45 billion, while Advanced Micro Devices fell 8.8% after its revenue outlook disappointed investors. Shopify's adjusted earnings per share of $0.42 also beat estimates, and gross merchandise volume rose 32% from a year earlier with free cash flow climbing to $654 million. AMD's decline was compounded by SpaceX announcing it would build its computing infrastructure exclusively with Nvidia chips, underscoring the challenges AMD faces in winning major AI customers. Among other movers, Eli Lilly gained 5.7% after raising its full-year revenue guidance, GE HealthCare advanced 12.3% on a second-quarter beat, and Disney rose 4.7% after a strong profit beat and plans to repurchase $9 billion of shares in fiscal 2026. On the downside, Pinterest fell 9% on a slower third-quarter revenue outlook, Match Group declined 10.2% after forecasting another drop in paying users, and wireless carriers Verizon and AT&T each fell more than 2% after SpaceX outlined plans for a nationwide mobile service that could compete directly with them.
Dow and S&P 500 set to notch new highs despite AMD and SpaceX falls
US stock indexes are expected to climb to new record highs on Wednesday as oil prices consolidate and investors prepare for another packed round of corporate earnings. Dow Jones and S&P 500 futures both pointed 0.4% higher, extending all-time highs, while Nasdaq futures were up 0.2% as SpaceX and AMD shares fell sharply in pre-market trading. AMD shares dropped 8.8% despite forecasting third-quarter revenue ahead of consensus, and SpaceX fell 10.8% following the release of its first earnings since listing, more than reversing the previous day's gain. On the earnings call, CEO Elon Musk suggested Starlink could build a terrestrial mobile network to compete with the likes of T-Mobile, AT&T and Verizon, and Musk also announced that all of SpaceX's future AI infrastructure buildout will be fueled by Nvidia chips exclusively. Thursday brings the next key test of SpaceX investor confidence as the first stock lockup expiry lands, with more than 900 million shares potentially up for sale by insiders.
Telecom stocks fall after SpaceX signals push into mobile service
U.S. wireless stocks tumbled Tuesday after SpaceX signaled plans to build a full-fledged mobile service, raising the prospect that Starlink could eventually compete directly with Verizon, AT&T and T-Mobile. SpaceX acquired 65 megahertz of wireless spectrum from EchoStar for a combined $19.6 billion across two deals announced last year, giving Starlink the airwaves needed to expand into mobile. SpaceX President Gwynne Shotwell said on a post-earnings call that the company plans to build the infrastructure to make Starlink a true mobile service and expects to pull quite a few customers away from the Big Three carriers. Shares of Verizon and AT&T fell more than 2% in premarket trading Wednesday, while T-Mobile slid 1.3%. The comments came alongside SpaceX's first earnings report as a public company, with second-quarter revenue totaling $7.8 billion, up 92% year-over-year, though capital expenditures surged to $18.4 billion from $2.8 billion a year earlier.
T-Mobile US raised its 2026 adjusted free cash flow guidance to a range of $18.4 billion to $18.8 billion, an increase of $200 million at the midpoint, reflecting lower expected cash income taxes. The company also reaffirmed its outlook for approximately $77 billion in service revenues and $37.1 billion to $37.5 billion in core adjusted EBITDA for the year. The guidance raise follows a second quarter marked by 13% year-over-year growth in postpaid service revenue, a 12% increase in core adjusted EBITDA, and a 2% rise in average revenue per account, with more than 60% of new account customers selecting premium plans. Management highlighted continued momentum in fixed wireless broadband and expansion through fiber joint ventures as additional growth drivers. The stock currently carries a Zacks Rank #3, or Hold, reflecting a balanced near-term investment outlook amid intense competition from Verizon and AT&T.
AST SpaceMobile Set to Report Q2 Earnings Amid Satellite Deployment Progress
AST SpaceMobile is scheduled to report second-quarter 2025 earnings on August 10, 2026, after market close, with consensus estimates pegging revenue at $34.13 million and a loss of 28 cents per share. The company successfully launched BlueBird satellites 8, 9 and 10 during the quarter and secured FCC approval to commercially offer its SpaceMobile Service across the United States, authorizing a constellation of up to 248 satellites in partnership with AT&T and Verizon. AST SpaceMobile targets roughly 45 satellites in orbit by the end of 2026 and has agreements with nearly 60 mobile network operators representing more than three billion subscribers. However, intensifying competition from SpaceX's Starlink, Globalstar and others, along with substantial capital requirements and unproven large-scale consumer adoption, remain key concerns. The stock carries a Zacks Rank #3 and an Earnings ESP of -1.56%, suggesting no clear earnings beat signal.
T-Mobile joins AT&T and Verizon in SIM-based authentication push to curb AI fraud
T-Mobile US has joined AT&T and Verizon in enabling a new SIM-anchored cryptographic authentication technology aimed at reducing AI-driven digital fraud. The joint rollout shifts verification closer to the mobile network level and away from traditional SMS-based methods, positioning carriers as more active participants in digital identity security for both consumers and enterprises. By backing a shared standard, T-Mobile aligns with peers rather than running a separate solution, which could ease adoption by large banks, fintechs, and digital platforms that would otherwise need carrier-specific integrations. The move supports the narrative that T-Mobile is using its network strength and digital platforms to deepen customer relationships, though it may limit differentiation from rivals. Investors may watch for enterprise adoption and any security-related revenue disclosures in future quarterly calls.
AT&T, Verizon, and T-Mobile jointly enable Glide.id cryptographic authentication at the carrier network level
AT&T, T-Mobile, and Verizon have jointly enabled Glide.id's cryptographic authentication technology at the carrier network level. The collaboration targets rising AI-driven fraud by shifting from SMS-based logins to SIM-anchored cryptographic authentication, supporting passwordless authentication across services that rely on mobile identity verification. This move places mobile identity security directly within the carrier networks and reflects how large telecoms are responding to AI-driven fraud and regulatory pressure around customer data protection. By moving cryptographic authentication into the carrier network, the three carriers aim to make SIM-based identity a default layer for banks, fintech apps, and consumer services that have relied on SMS one-time passwords. For AT&T, the initiative aligns with a focus on higher-value, stickier customer relationships and could help monetize its network in ways less sensitive to basic access pricing.
AST SpaceMobile Sets August 5 Launch for Next Three BlueBird Satellites
AST SpaceMobile has scheduled August 5 as the launch date for its next three BlueBird satellites, using a SpaceX Falcon 9 rocket. The company currently has nine satellites in orbit and aims to deploy 45 to 60 of its large, unfolding BlueBird satellites to provide continuous coverage in high-priority markets. This launch follows a successful June 17 deployment of three satellites and comes after the loss of BlueBird 7 in April due to an orbit insertion error by Blue Origin. AST SpaceMobile sells satellite connectivity to mobile network operators like AT&T and Verizon, splitting revenue evenly, rather than offering direct-to-consumer broadband like SpaceX's Starlink. With shares down 56.4% from their highs, the company faces pressure to execute its deployment plans without further delays.
AZIO AI Signs Master Services Agreement with AT&T for Fiber Connectivity on First 500MW AI Data Campus
AZIO AI Holdings has executed a Master Services Agreement with AT&T to provide enterprise fiber connectivity for its initial 500-megawatt Texas AI data center platform. The agreement establishes a standardized connectivity framework for the campus and commits approximately $2.4 million for high-capacity fiber services. It is designed to support AI training, inference, GPU cloud computing, and other high-performance workloads, while also streamlining network deployment for potential offtaker opportunities. The connectivity foundation is a critical enabler of AZIO AI's broader hyperscale AI strategy, which prioritizes scalable, LNG energy-backed data center capacity.
AT&T expands use of D-Wave's quantum annealing, cutting network optimization from one hour to under 15 seconds
AT&T is expanding its use of D-Wave Quantum's annealing-based quantum computing technology across multiple network operations workflows, reporting that a key network optimization workload was reduced from about one hour to less than 15 seconds. The expansion follows D-Wave's addition to the NASDAQ Composite Index and could support the investment narrative that annealing quantum systems are moving from proofs of concept to repeatable commercial workloads. However, D-Wave still faces risks including reliance on a few large contracts and widening operating losses, with the company projecting $173.5 million in revenue and a $21.0 million profit by 2029, requiring 140.7% annual revenue growth and a $389.0 million earnings swing from a current loss of $368.0 million.
AT&T Stock May Still Be a Bargain as $23 Billion Spectrum Deal Closes
AT&T stock may still be undervalued after nearly doubling investors' money over three years, with valuation checks leaning toward cheap at a recent price of $23.94. The company has completed a $23 billion spectrum purchase and expanded its partnership with D-Wave Quantum, moves that could support future network quality and efficiency. AT&T trades at a price-to-earnings ratio of about 7.6 times, well below the telecom industry average of 17.0 times and a peer group average of 11.2 times, and also below Simply Wall St's fair P/E estimate of 12.6 times. Broader valuation checks assess AT&T as undervalued in five of six areas, suggesting the stock screens as a bargain on most core metrics. The key question is whether heavy spectrum and quantum-related investment can translate into resilient earnings and cash flow without unexpected capital strain.
AT&T Internet Air reaches 2 million subscribers, doubling base in about a year
AT&T Internet Air has reached 2 million subscribers, adding its second million in about half the time it took to reach the first million. The 5G home internet service took roughly two years to hit 1 million customers, then doubled that base in about a year. More than half of those subscribers are converged customers who also have AT&T wireless service. Starting next month, customers will be able to order AT&T Internet Air in stores and take equipment home immediately.
Boomers Are Buying Five High-Yield Stocks at Big Discounts
Baby Boomers and retirees are piling into five high-yield dividend stocks trading below Wall Street fair value, all with analyst Buy ratings and yields from 4.55% to nearly 7%. AT&T yields 4.55% and added 432,000 net postpaid phone subscribers and 646,000 high-speed internet customers, both above estimates. Energy Transfer pays a 6.71% distribution yield and raised its 2026 EBITDA guidance, benefiting from surging natural gas demand driven by AI-powered data centers. Pfizer yields 6.97% with 16 straight years of dividend growth and is building a new obesity pipeline through experimental GLP-1 treatments and the acquisition of ecnoglutide. Realty Income offers a 5% yield, owns over 15,500 properties with a 98.9% occupancy rate, and has paid 667 consecutive monthly dividends. VICI Properties yields 6.67%, reported 4.5% adjusted funds from operations per share growth, and raised its 2026 guidance.
T-Mobile US faces nationwide outage affecting customers and network partners
T-Mobile US experienced a major nationwide outage that disrupted mobile service for thousands of customers and affected providers that rely on its network, including Mint Mobile and Boost Mobile. The incident comes at a sensitive time as investors are already focused on execution following mixed sentiment around the company's second-quarter 2026 results and guidance, as well as a multi-billion-dollar buyback program. The outage may raise questions about network reliability, a key factor in how investors compare T-Mobile with Verizon and AT&T, and could influence perceptions of customer churn and future capital needs for network hardening. Management's communication and remediation speed will be closely watched to determine whether this is seen as a one-off technical issue or part of a broader pattern.
AT&T closes $23 billion spectrum acquisition from EchoStar
AT&T completed its $23 billion acquisition of certain wireless spectrum licenses from EchoStar. The deal adds approximately 50 MHz of low-band and mid-band spectrum covering virtually every U.S. market, including 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum.
Carillon Eagle Growth & Income Fund says AT&T remains competitive despite satellite connectivity concerns
Carillon Eagle Growth & Income Fund stated in its second-quarter 2026 investor letter that AT&T Inc. lagged amid investor concerns about the emergence of a potential new competitor from low Earth orbit satellite technology, which could enable lower-cost connectivity for mobile devices. AT&T's management reiterated confidence that its converged fiber and wireless offering remains well positioned competitively. AT&T shares closed at $24.42 on July 27, 2026, with a one-month return of 17.97% and a 52-week decline of 10.91%, and a market capitalization of about $165.35 billion.
Axe Compute Secures $1.5 Billion AI Infrastructure Deal
Axe Compute Inc. has announced a five-year customer agreement valued at over $1.5 billion for a dedicated AI infrastructure cluster based on NVIDIA Blackwell GPUs. The deal, secured through the company's Build program, is part of a larger effort that brings Axe Compute's total signed contract value for 2026 to over $3 billion. The cluster will be deployed in the United States for high-demand AI workloads and is expected to substantially boost the company's annual run rate. In other trading, D-Wave Quantum rose 20.4% to close at $19.51 after AT&T expanded its use of D-Wave's quantum computing technology, while Z.AI fell 18.7% to close at HK$1,042.00.
Bitcoin Slips to $63,000 as AT&T Deploys Next-Generation Quantum Processors
Bitcoin has fallen toward the $63,000 mark as telecommunications giant AT&T deploys next-generation commercial quantum processors, marking a milestone that shortens the so-called 'Q-Day' countdown. The move signals that quantum computing has officially moved out of laboratories and into real-world business. The price decline comes amid growing concerns that advances in quantum computing could eventually threaten the cryptographic foundations of cryptocurrencies.
Cyberspace Administration of China Launches Special Initiative to Boost IPv6 Capabilities of AI Large Models
The Cyberspace Administration of China, together with its counterparts in Beijing, Shanghai, Zhejiang, and Shenzhen, and five leading large model enterprises, jointly launched the "Special Initiative to Boost IPv6 Capabilities of AI Large Models" in Xiong'an New Area. The year-long initiative aims to promote full IPv6 support in generative large model applications. AT&T announced an expansion of its collaboration with D-Wave, using quantum computing technology to reduce network optimization workloads from about one hour to 15 seconds, a 240-fold speed increase. The world's largest single-batch export of green ammonia departed from Da'an, Jilin, arrived at Lianyungang, Jiangsu, and was loaded onto ships bound for South Korea, totaling 3,750 tonnes, marking a new stage of large-scale green energy exports for China. Apple's stock price hit a record high, with its market value surpassing 5 trillion US dollars, making it the second listed company globally after Nvidia to reach this milestone.
AT&T Stock Rallies 18% Since July as SpaceX Threat Fades and Q2 Earnings Beat
AT&T shares have surged 18% since the start of July, recovering from a 12% drop that followed SpaceX's public debut last month. The telecom giant posted second-quarter revenue of $31.6 billion, up just over 2% year-over-year, and diluted earnings per share of $0.66, compared with $0.62 a year earlier. AT&T added 646,000 advanced connectivity internet net adds and 432,000 postpaid phone net adds, both accelerating from the first quarter. The stock now trades at 10 times estimated future earnings and offers a 4.6% dividend yield, well above the S&P 500 average of 1.1%.
D-Wave Soars on AT&T Quantum Computing Deal and NYSE Uplisting
D-Wave Quantum shares surged as much as 19.6 percent to $19.39 on Monday after the company announced a commercial collaboration with AT&T and uplisted to the New York Stock Exchange. AT&T will apply D-Wave's annealing quantum computing technology to its agentic AI tools, which reduced network downtime by 12 million hours last year, and an early application cut a network optimization workload from one hour to under 15 seconds. The telecom giant plans to expand use across outage detection, technician routing, and traffic management, while also evaluating D-Wave's forthcoming gate-model systems for quantum security and communications. The NYSE listing under ticker QBTS is expected to improve liquidity and institutional visibility, though hedge fund holdings fell 67.4 percent to $55.7 million in the first quarter from $170.8 million in the prior quarter.
ASML slides on China chip tool report, Forte Bio surges on Argenx buyout
ASML dropped 8% after The Information reported China began mass production of domestically made deep ultraviolet chipmaking tools. Memory chip stocks were mixed as CXMT soared more than 466% in its Shanghai debut, while SK Hynix fell over 8%, SanDisk slid 11%, and Micron Technology lost 5%. SAP jumped more than 7% after announcing the second part of a 10 billion-euro stock buyback. Forte Biosciences rallied about 40% on a $2.2 billion cash acquisition by Argenx at $77 per share, a 40% premium to Friday's close. Brown-Forman climbed almost 4% after rejecting a $15 billion unsolicited takeover offer from Sazerac at $32 per share. Baker Hughes gained 6% on better-than-expected second-quarter earnings and revenue, while Amkor Technology fell 7% ahead of its quarterly report. D-Wave Quantum added 5% on a partnership with AT&T to use annealing quantum computers for AI, and MapLight Therapeutics plunged 68% after a Phase 2 schizophrenia trial missed its primary endpoint.