The inventory in this space increased by 187% in 6 months. How high can he fly?

It’s easy to forget about space stocks like playing satellite AST SpaceMobile (NASDAQ: ASTS ) when you have a few different hot tech topics starting to heat up. Undoubtedly, it’s not only artificial intelligence (AI) and the emergence of agents (including embodied AI) that have captured the hearts of growth investors. The field of quantum computing has taken off a lot this year, and while there have been big ups and equally big downs, it’s proven wise to stay on a rollercoaster of emotions that seem to only know how to move from extreme fear to extreme greed and back again.

Add eVToL (flying vehicles, if you will) mobility technologies and augmented and virtual reality (AR and VR) into the equation, and it’s hard to know which new tech themes are still worth betting on, especially if they overlap somewhat. After all, it’s not hard to imagine an environment where AR and VR technologies not only co-exist with AI, but actually advance much faster.

The same is true for AI and quantum computing technologies. It was clear after that Nvidia (NASDAQ: NVDA ) has pulled back the curtain on its intriguing NVQLink technology, which I believe could bring quantum AI to the fore. Either way, Nvidia shares are riding high again, and it looks like the $5 trillion market cap milestone will be breached by 2025. the end

• AST SpaceMobile (ASTS) is down more than 25% from all-time highs, but remains up 228% year to date.

• Wall Street analysts recently downgraded AST SpaceMobile’s price targets and reset valuation expectations ahead of quarterly earnings.

• AST SpaceMobile provides wireless services to global telecommunications providers using satellite technology.

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Either way, AI could also give space’s role a much-needed boost as the coming era of connectivity becomes mainstream sometime in the next few years. While shares of AST SpaceMobile are falling again, down more than 25% from their all-time highs, I’m more inclined to think that the decline is just another point to consider buying as the company starts to grow quarterly earnings.

Of course, high expectations can set the stage for a difficult reaction from the retail crowd. Either way, the stock is still up more than 187% in the last six months and more than 228% for the year. After such huge gains, investors should see a sharp and painful correction, even if there is nothing to worry about.

We’ve seen a number of price target cuts from Wall Street analysts in recent weeks, some of which have deviated negatively from current levels. Of course, shares of AST SpaceMobile have been hot and may need a recent valuation reset to allow for a more constructive post-earnings trajectory.

As we found out with stocks Palantir (NASDAQ:PLTR) last week, investors may react negatively to even a sensational quarterly result. It all depends on how the numbers match not only analysts’ estimates, but also investors’ expectations. And if we’re talking about a high-flyer, it might take more than whipping and raising orders to spark a stock.

In any case, I think the setup is pretty interesting to cash in on now that AST SpaceMobile shares have lost some of their froth. With a big upgrade and telco partnerships that could affect the long-term narrative, I certainly wouldn’t give up on the stock here just because of the worry of another big number.

Since the company provides wireless services to telecom providers around the world (remember, space mobility is all about global reach), I think the name may have a strong enough growth story to bounce back from the stock’s recent slide. Just because a stock is in the stratosphere doesn’t mean it can’t rise to the exosphere. And as for the AST SpaceMobile, I think there’s a chance if it can execute its game plan.

Will the AST SpaceMobile quarter be out of this world? Probably not. However, management’s comments may prompt analysts to reconsider their recently lowered price target.