Astera Labs is trading 6.6% up now at $309.49 after Nvidia’s August 26 earnings beat strengthened sentiment across AI infrastructure and semiconductor stocks.
- Nvidia reported second-quarter revenue of $96.22 billion and adjusted earnings of $2.22 per share.
- Both exceeded estimates of $92.37 billion and $2.10, respectively.
- No fresh Astera Labs-specific announcement was identified for August 27; the move is primarily sector-driven.