9 Trending AI News Updates on Wall Street’s Radar

4. AST SpaceMobile, Inc. (NASDAQ:ASTS)

Number of Hedge Fund Holders: 18

AST SpaceMobile, Inc. (NASDAQ:ASTS) develops a space-based cellular broadband network to provide smartphone connectivity beyond terrestrial coverage.

On February 6, Cantor Fitzgerald initiated coverage on AST with an Overweight rating and a price target of $30. The firm views AST’s strategic partnerships with major telecom and tech companies, its potential in defense, and its supply chain positioning as significant positive factors. Although the company’s valuation appears high relative to 2027 estimates, the success of AST depends on meeting important milestones and demonstrating growth. Cantor Fitzgerald also sees long-term potential in integrating AI and large language models within the tech sector and benefiting from government contracts, including those with the Space Development Agency.