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AST SpaceMobile's 50% Pullback Is A Buying Opportunity, Says Clear Street Ahead Of Q2 Earnings
in5points
AST SpaceMobile stock dropped 50% before Q2 earnings.
Clear Street calls the pullback a buying opportunity.
Brokerage says drop caused by third-party launch disruptions, not lost contracts.
Demand for direct-to-device satellite connectivity remains strong.
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Rajeev Chandrasekhar / Jupiter Capital interests historically