Astera Labs Stock Explodes Over 200% — But Is the AI Connectivity Darling Priced for Perfection?
Stock Performance & Financial Movements Astera Labs, a fabless semiconductor firm specializing in high‑speed connectivity chips for AI data‑centers, has been one of Wall Street’s hottest debutants. After pricing its IPO at $36 per share in March 2024, the stock skyrocketed to an intraday high of $262.90 on 18 September 2025, a gain of about 440 % ts2.tech. Recent trading has been volatile. The stock slumped nearly 19 % in late September after Federal Reserve chair Jerome Powell warned that equities looked expensive; the drop reflected valuation concerns rather than company‑specific problems fool.com. Shares quickly rebounded when Zacks Research highlighted the company as its “Bull of