Astera Labs’ stock has been on a roller coaster in recent weeks. After skyrocketing through mid-2025 on AI frenzy, ALAB shares peaked at an all-time high of $262.90 on September 18, 2025ts2.tech. A broad tech sell-off and profit-taking then set in: by early October, Astera had pulled back to the mid-$190sts2.tech. Volatility spiked mid-month – on October 14–15, the stock plunged from ~$200 to the low-$160s, a nearly 19% two-day dropts2.tech. The immediate trigger was AMD’s October 14 announcement of a 50,000-GPU deal with Oracle, which stoked fears that proprietary GPU-cloud integrations might diminish the need for Astera’s third-party PCIe connectivity solutionsts2.tech. This underscored how sensitive ALAB is to AI ecosystem news.