WS #16391
Speculation regarding SpaceX's potential use of 80,000 cell towers for wireless expansion has triggered a sharp rally in infrastructure landlords, with American Tower (AMT) and Crown Castle (CCI) surging. Concurrently, IBM reported earnings beats and announced 5% sales growth, reinforcing the market's appetite for tangible infrastructure and enterprise AI beneficiaries over pure software plays.
Tech & Telecom Rotation
Speculation regarding SpaceX's potential use of 80,000 cell towers for wireless expansion has triggered a sharp rally in infrastructure landlords, with American Tower (AMT) and Crown Castle (CCI) surging. Concurrently, IBM reported earnings beats and announced 5% sales growth, reinforcing the market's appetite for tangible infrastructure and enterprise AI beneficiaries over pure software plays.