Why AST SpaceMobile Shares Are Popping Today?
Portfolio Pulse from Lekha Gupta
AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading higher after achieving 4G capabilities to smartphones directly from space. The company used AT&T Inc (NYSE:T) spectrum and Nokia Oyj (NYSE:NOK) RAN technology for 4G LTE download speed testing.
June 21, 2023 | 1:41 pm
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POSITIVE IMPACT
AST SpaceMobile shares are trading higher after achieving 4G capabilities to smartphones directly from space.
AST SpaceMobile's achievement of 4G capabilities to smartphones directly from space is a significant milestone for the company, which is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nokia Oyj's RAN technology was used by AST SpaceMobile for 4G LTE download speed testing.
Nokia's RAN technology was used in AST SpaceMobile's 4G LTE download speed testing, but it is not the primary focus of the news. The impact on Nokia's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
AT&T Inc's spectrum was used by AST SpaceMobile for 4G LTE download speed testing.
While AT&T's spectrum was used in AST SpaceMobile's 4G LTE download speed testing, it is not the primary focus of the news. The impact on AT&T's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50