Many investors love to speculate. After all, finding the next big thing can bring monster returns. But with that potential comes an equal amount of risk. Investors who took that risk on AST SpaceMobile (NASDAQ: ASTS) stock a year ago have been handsomely rewarded.

AST stock at one point during the past year soared by almost 600%. Some of that undoubtedly was just from speculators hoping shares would rise as the company's first commercial satellite launch approached. Now that it has successfully deployed its first five broadband satellites, it's a good time to look at whether AST SpaceMobile shares are still a good buy.

In some ways, speculative investing is a form of betting. It shouldn't be the foundation of any portfolio. But getting in ahead of the crowd can juice the returns of a diversified portfolio in a meaningful way. Early buyers of successful companies like Nvidia and were really just speculating about the direction computing, artificial intelligence (AI), and electric vehicles (EVs) would go before those technologies had proven themselves. Consider how many investors had even heard the term "generative AI" as recently as just last year, let alone had a plan to profit from it.

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Source Fool.com