🔴 AST SpaceMobile is trading 5% down today as hotter-than-expected inflation pressures tech stocks

AST SpaceMobile is trading 5.2% lower at $39.95 as inflation concerns drive broader weakness in technology stocks.

• Nasdaq futures fell more than 1% on October 15; Reuters cited hotter-than-expected inflation and higher-rate fears pressuring AI-related stocks.
• The decline follows a steep October 14 drop. Attention remains on a recent Piper Sandler downgrade citing launch risks and competition, though broader weakness—not a new company-specific announcement—is the clearest current-day explanation.