The S&P 500’s communication services sector is enjoying a strong year. Its 16.79% YTD gain is tops among all 11 sectors, with some big-name companies leading the way. T-Mobile US (NASDAQ: TMUS) is up nearly 15%, AT&T (NYSE: T) is up more than 27%, and Netflix (NASDAQ: NFLX) is up nearly 38%.
But one under-the-radar communications stock has outpaced them all. And for those looking for a piece of the burgeoning space-based cellular broadband network industry, AST SpaceMobile (NASDAQ: ASTS) and its 95.66% YTD gain have been grabbing the attention of investors in search of a Starlink alternative.
