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The latest trading day saw Astera Labs, Inc. (ALAB) settling at $64.57, representing a -0.86% change from its previous close.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs extends Cloud-Scale Interop Lab testing to PCIe 6.x, announces new interop lab in Taiwan to facilitate close collaboration with ODMs.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs extends Cloud-Scale Interop Lab testing to PCIe 6.x, announces new interop lab in Taiwan to facilitate close collaboration with ODMs.
New stocks have IPOs that experience huge price swings in their first months as the market determines their true worth. This volatility presents both risks and rewards for investors.
Astera Labs, Inc. (NASDAQ:ALAB ) Q1 2024 Results Conference Call May 7, 2024 4:30 PM ET Company Participants Leslie Green - IR Jitendra Mohan - Chief Executive Officer Sanjay Gajendra - President and COO Mike Tate - CFO Conference Call Participants Harlan Sur - JPMorgan Joe Moore - Morgan Stanley Tore Svanberg - Stifel Blayne Curtis - Jefferies Thomas O'Malley - Barclays Quinn Bolton - Needham Ross Seymore - Deutsche Bank Suji Desilva - ROTH MKM Richard Shannon - Craig-Hallum Operator Thank you for standing by. My name is Regina, and I will be your conference operator today.
Shares in Astera Labs (ALAB) dropped nearly 7% in premarket trading Wednesday morning even though the maker of artificial intelligence (AI) chip connectivity products surpassed Wall Street's quarterly estimates and issued an upbeat outlook.
Despite upbeat results for newly public semiconductor company Astera Labs Inc., its shares were sliding in Tuesday's after-hours action.
Astera Labs (ALAB) first-quarter 2024 revenues are expected to reflect strong demand for AI-enabled servers and data center infrastructure.
Morgan Stanley, which led the Reddit and Astera Labs IPOs, expects 10 to 15 more tech offerings this year and a "better year" in 2025.