Astera Labs (ALAB) Stock Plummets After AMD-Oracle AI Deal – What Investors Should Know
Astera’s stock closed at $161.55 on Oct. 15, down 19% after AMD announced a 50,000-GPU deal with Oracle, sparking concerns over competition. Q2 revenue rose 150% to $191.9 million with EPS of $0.44; Q3 revenue is guided at $203–210 million. Analysts remain mostly bullish, with 14 buys and an average price target of $187. Astera highlighted new AI connectivity partnerships at the OCP Summit.