Why AT&T Stock Popped Today

AT (NYSE: T) stock jumped 4% through 11:05 a.m. ET Tuesday after outlining its "strategic plan to drive sustainable growth and enhanced shareholder returns" through 2027.

Among other revelations, AT says it will:

AT is taking a two-pronged approach to growth, focusing on 5G wireless communications and fiber broadband fixed-line. The cutting edge tech it's deploying, says AT, "will support superfast download speeds and serve as a platform for new product and GenAI innovation" -- essentially making AT not just a communications stock, but an artificial intelligence (AI) stock as well.

Source Fool.com