Astera Labs (ALAB) Stock Surges on AI Boom – What Wall Street Says
Astera Labs closed at $179.31 on Nov. 4, down 6.4% after recent volatility and a sharp drop following AMD’s Oracle GPU deal. Q3 revenue hit a record $230.6 million, up 104% year-over-year, with GAAP net income at $91.1 million. Market cap stands near $31 billion. Astera announced the acquisition of aiXscale Photonics on Oct. 22.