🔴 Astera Labs is trading 3.05% down today on Marvell’s delayed Google AI-chip revenue outlook

Astera Labs is trading 3.05% down now at $6.99 amid broad semiconductor-sector weakness.

• Marvell Technology fell more than 8% after management said Google AI-chip revenue would contribute meaningfully mainly in fiscal 2029, later than investors expected.
• The disappointment pressured chip stocks despite Nvidia’s earlier AI-led rally.
• No clear Astera Labs-specific announcement was identified for August 28, 2026; the move appears primarily sector-driven.