Viasat Inc. (NASDAQ:VSAT) saw its shares reach a new all-time high but ended the day down by 6.86 percent at $30.14 apiece after investors took early profits. The company recently partnered with Space42 to expand 5G network services to remote areas through Direct-to-Device services from its satellites, eliminating the need for cellular towers. The D2D service, expected to be fully operational in three years, will support over 100 MHz of harmonized MSS spectrum in 160 markets. Viasat Inc. (NASDAQ:VSAT) Chairman and CEO Mark Dankberg highlighted the potential of Equatys to create a shared multi-orbit network and deliver cost-efficient capacity using 5G New Radio standards. While VSAT shows promise as an investment, some AI stocks may offer higher returns with limited downside risk. For more information on a cheap AI stock benefiting from Trump tariffs, see the free report on the best short-term AI stock.

Read more at Yahoo Finance: Viasat (VSAT) Soars to New High, But Fails to Sustain Momentum