MarketCatalystAST SpaceMobile is down about 32% in a week and 68% from its May high after SpaceX's $8 billion spectrum deal, a Piper Sandler downgrade and a jump in rates. None of it changed a contract, license or launch booking. Here's the full picture.
The aerospace-metals maker earned a record $702 million in fiscal 2026 and guided higher, yet the shares have slid from about $617 to $378 as valuation, insider selling and a softer first-quarter outlook weigh ahead of its report.
AI financing worries, a $1.2 billion Bank of America penalty and analyst downgrades pushed several big names lower at midday, while Berkshire-backed Bending Spoons jumped about 40% and BlackRock rose on record assets.
Semiconductor ETFs fell 3.4% to 3.9% at midday as a hotter-than-expected inflation report pushed the 10-year Treasury yield above 5.3%, on top of China memory worries and a Barclays warning on memory-driven hardware prices.
Barclays cut Dell, Hewlett Packard Enterprise and NetApp to Equal Weight from Overweight, warning that their huge 2026 rallies reflect rising memory-driven prices, not AI revenue. Dell fell nearly 8%, HPE more than 4% and NetApp more than 3%.
CoreWeave shares fell about 14% to $66.70 as its 2032 bonds closed at a record 14.5% yield, putting the cost of funding the AI build-out ahead of a $104 billion backlog that still has not produced a GAAP profit.