Astera Labs (ALAB) stock jumps nearly 8% as chip rally kicks off 2026
Astera Labs shares rose 7.9% to $179.56 Friday, tracking a 4% gain in the Philadelphia Semiconductor Index. About 5.7 million Astera shares traded between $170.30 and $182.88. U.S. chip stocks rallied after a four-session slide. Investors are focused on January jobs data and the upcoming earnings season.