15 Hot Tech Stocks to Buy Right Now

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2. AST Spacemobile Inc. (NASDAQ:ASTS)

Upside Potential: 75%

Number of Hedge Funds: 18

AST Spacemobile Inc. (NASDAQ:ASTS) is an innovative satellite communications company focused on providing direct-to-smartphone connectivity through its advanced satellite network technology. The company’s technology leverages low earth orbit (LEO) satellites to deliver high-speed, reliable communication services, enhancing mobile connectivity. It aims to provide cost-effective, high-speed cellular broadband services using existing mobile devices to end-users who are outside of terrestrial cellular coverage, or in remote or underserved areas globally.

AST Spacemobile Inc. (NASDAQ:ASTS) is strategically positioned to take advantage of the growing demand for global mobile connectivity, particularly in regions lacking reliable service. The company’s unique approach of integrating satellite technology with existing mobile networks presents significant opportunities for partnerships with telecom operators. According to the company’s investor presentation in October 2024, around 90% of the earth’s surface is without cellular coverage and 5.6 billion mobile devices move in and out of coverage. The company foresees a $67 billion demand for satellite direct-to-device communications between 2023 and 2030.

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