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Verizon Stock (NYSE:VZ): Equipment Revenues Could Surge on iPhone Upgrade Cycle

In a world clouded by high valuations and tiny shareholder yields, Verizon Communications (NYSE:VZ) shines through with its 6.7% dividend yield. The company’s wireless equipment revenue could soon surge if consumers decide to upgrade their iPhones. With capital expenditures expected to collapse in 2024 and beyond, the stock could continue to rebound. Therefore, I’m bullish on Verizon. It seems like nobody on Wall Street likes telecom stocks. But if you are bullish on AI, large language models, t

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