A significant wireless outage struck AT&T on Feb. 22, 2024, affecting major cities including Los Angeles, New York, and Atlanta.

The incident impacted approximately 70,000 AT&T customers and caused minor disruptions for Verizon and T-Mobile users.

Federal investigators have eliminated hacking as a potential cause of the wireless service disruptions.

AT&T publicly apologized to its customers and is actively working to implement measures to prevent future outages.

The outage resulted in a more than 2% decline in AT&T's stock price, contrasting with a rise in the S&P 500 index.

The specific cause of the service outages is still unknown, and the episode has negatively influenced AT&T's market standing and reputation.

AT&T was not listed in the Motley Fool Stock Advisor's top 10 recommended stocks for investors to buy now following the outage.