Reported about 1 year ago
Goldman Sachs believes the US telecom industry is undergoing a transformation due to the impact of 5G networks and AI technology. They state that wireless providers are benefiting from expanded network access, and AI is increasing demand for data services. Goldman Sachs also points out that US telecom operators are experiencing healthier growth prospects due to moderating competitive and capital intensity. Two telecom stocks recommended by the analyst consensus are Verizon Communications, Inc. (VZ) and AT&T (T), both with Buy ratings, showcasing potential for growth and positive financial performance.
Source: YAHOO