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ALAB News12 articles
Astera Labs Surges Ahead of Nasdaq-100 Debut, Valuation Raises Questions
Astera Labs shares surged to a record $417.07 ahead of its Nasdaq-100 inclusion, but the stock trades far above the average analyst target of $244.97.
Credo Technology Stock Tumbles Despite Strong Earnings as Margin Concerns Weigh
Credo Technology shares fell over 10% after hours despite beating profit and revenue targets, as margin compression and high expectations triggered selling.
Credo Technology's AI-Driven Surge Faces Key Earnings Test Next Week
Credo Technology Group shares rose 6.15% to $236.03 on Friday, ahead of earnings Monday. The company completed its DustPhotonics acquisition, expanding optical networking.
Arm Soars to Record High on AI-Driven Server CPU Demand
Arm Holdings shares jumped 15% to $256.73 after Bernstein initiated coverage with an outperform rating and $300 target, citing agentic AI-driven demand for server CPUs.
Astera Labs Surges on AI Networking Optimism Ahead of Nvidia Earnings
Astera Labs shares surged 13.3% on Tuesday as investors cheered management's comments on faster Scorpio X switch ramps and optical networking tied to Nvidia's NVLink Fusion.
Astera Labs Soars on AI Demand, Wall Street Bullish on Connectivity
Astera Labs shares jumped 15.2% to $248.36 after Evercore ISI boosted its price target and management cited rising AI data-center demand. Revenue surged to $308 million last quarter.
Astera Labs Surges on AI Revenue Beat, Switch Debut Next
Astera Labs beat Q1 estimates with revenue up 93% to $308.4M and issued strong Q2 guidance. Shares rose 1.27% after hours as the company begins shipping its Scorpio X-Series AI switch.
IPH Launches Share Buyback, ASX Rises on Tech Gains
IPH Limited initiates a share repurchase program for up to 12.23 million shares, coinciding with a market rebound led by technology and healthcare sectors. Several stocks face valuation reassessments amid shifting investor sentiment.
Astera Labs Shares Tumble 21% on Amazon Warrant Deal, Raising Margin Concerns
Astera Labs stock plummeted over 21% in after-hours trading after disclosing a warrant agreement with Amazon, which analysts say will pressure gross margins. The chip connectivity firm also announced a CFO transition.
Astera Labs Soars 19% Ahead of Q4 Earnings, Fueled by AI Optimism
Astera Labs shares surged nearly 19% to close near $170 on Friday, buoyed by positive AI spending forecasts and a strong semiconductor sector rally. The company reports Q4 results after the market closes on Tuesday.
Astera Labs CFO Warns of Margin Pressure as Insider Sale Filed
Astera Labs' finance chief warned of a 200-basis-point gross margin headwind beginning in the June quarter, citing product mix shifts and an Amazon warrant. Meanwhile, the company's general counsel sold $1.17 million in shares under a pre-arranged trading plan.
Astera Labs Shares Drop on Margin Outlook, Amazon Warrant Details
Astera Labs shares declined sharply following a reduced gross margin forecast and the disclosure of a major warrant agreement with Amazon. The company also announced a CFO transition.