European Telcos' Concerns over SpaceX, Agentic AI Appear Overdone
Dow Jones
5 hours ago
1000 GMT - European telecommunications companies' concerns over SpaceX and agentic artificial intelligence are overdone, Berenberg analysts write in a note. Telcos shares fell by 15% in June, as concerns about SpaceX weighed on the global telecommunications sector, and dropped another 5% in September due to fears around agentic AI, they note. "Spectrum issues and fragmentation in Europe provide the greatest protection, with larger risks in the U.S.," they say, while personal agentic AI represents a new threat, they add. Digi Spain is down 0.2%, while Orange shares are trading 0.3% higher.
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