Astera Labs (ALAB) Stock Jumps 4.3% Ahead of MLK Day Market Pause
Astera Labs surged 4.3% in pre-holiday trading, outperforming semiconductor peers and ETFs as investors positioned for February's quarterly results. The stock's rally reflects growing confidence in AI infrastructure demand and adoption of PCIe/CXL technologies for cloud servers.
Trading volume hit 5.4 million shares with prices ranging between $177.67 and $187.98, closing at $182. The move contrasted with mixed sector performance—iShares Semiconductor ETF gained 1.6%, Broadcom rose 2.6%, while Nvidia dipped 0.5%.
All eyes now turn to the February 10 earnings call, where guidance on server connectivity demand will test whether this momentum sustains post-holiday. The market's reopening Tuesday serves as the next litmus test for this AI infrastructure play.
