🔴 AST SpaceMobile is trading 5% down in pre-market amid concerns over returns on heavy AI spending

AST SpaceMobile is trading at $40.94, down 4.95%, in pre-market on October 30 as broad technology selling follows concerns that heavy AI spending may not generate adequate returns.

• Reuters reported Amazon and Intel also fell sharply after hours. Nasdaq futures dropped, while supplied market data shows the Nasdaq down 2.22% pre-market.
• AST SpaceMobile reported a Philippines demonstration filing, but coverage does not link it to the decline.