🔴 Astera Labs is trading 10.3% down today amid a semiconductor selloff over AI spending and China risks

Astera Labs is trading at $253.34 (down 10.3%) amid a sharp semiconductor-sector pullback driven by concerns over AI spending and rising Chinese competition.

• The move tracks a broader global selloff in chip and AI names, with sector ETFs sliding as investors rotate away from growth.
• Market sentiment is shifting as investors reassess high AI infrastructure costs and navigate heightened China-related risks.