News · Equities · MarketWatch · Tue, Oct 13, 2026 1:00 AM
SpaceX rivalry may heighten volatility for AT&T shares
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Bernstein analyst Laurent Yoon cuts telecom ratings, citing rising volatility, with particular focus on AT&T.
Bernstein’s Laurent Yoon has pulled the plug on all major telecom stocks, citing a surge in market volatility.
The analyst highlighted the SpaceX launch of Starlink as a potential catalyst for increased competition and price pressure on traditional carriers.
AT&T, the only telecom named in the warning, could see its shares become more sensitive to broader sector swings.
Volatility Outlook for Telecoms
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OpenBook analysis
Market impact
The downgrade may prompt investors to reassess exposure to the telecom sector, as volatility could widen price swings. Traders may monitor AT&T’s performance relative to peers for signs of stress. The broader sector could see increased volatility as competition from satellite broadband intensifies.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by MarketWatch and is general market information, not investment advice. Editorial policy & corrections