🟢 Astera Labs is trading 7.1% up today as AI chip rally extends

Astera Labs is trading at $321.00 (7.1% up) in pre-market action as the broader rally in semiconductor and AI infrastructure stocks continues to gain momentum.

• The stock is extending its sharp rebound following Thursday’s sector-wide surge, driven by renewed investor confidence in sustained AI spending and tech earnings momentum.
• Broad strength across chip stocks and major peers is lifting sector ETFs as market participants focus on the growth of AI infrastructure.