Bloomberg Surveillance · Wednesday, July 22, 2026
John Stankey believes AT&T's fiber investments position the company well for the AI era, providing essential symmetrical bandwidth. He asserts that the market will eventually recognize AT&T's indispensable role in supporting future AI workloads, leading to a correction in its stock valuation.
“My point of view is they have a fantastic product. There's great innovation that's moving in that space, and it fits part of the market that hasn't been well served, especially in less densely populated areas.”
“I think it's going to be very hard to come into the more densely urban populated areas to compete with that bundle that I just talked about earlier of fiber that is the best product in the market, best performing, it's the lowest marginal costs, our great wireless density that far outstrips what you can do from directed device and satellite.”
“We've built this business for the future. To your point, we're building symmetrical networks that have as much upstream bandwidth as a have downstream bandwidth, and we think that's going to be critical in the AI world, just like memory is critical, just like chips are critical, just like data center infrastructure is critical.”