AST SpaceMobile slides as UBS downgrades amid competitive concerns

Core Viewpoint - AST SpaceMobile's shares fell nearly 8% after UBS downgraded the company from Buy to Neutral, citing increasing competitive concerns in the industry [1] Company Summary - UBS's downgrade reflects concerns about competition in the space-to-cellular market, despite AST SpaceMobile being positioned as a potential leader in this emerging sector [1]