Astera Labs Stock News

Scorpio switches helped drive a 154% revenue increase, while newer products offer longer-term opportunities.

Record quarterly revenue of $584.9 million, up 49% QoQ and up 154% year-over-year Scorpio™ fabric switches became the company's largest product family, led by volume production of the Scorpio X-Series 320-lane fabric switch Portfolio expanded across memory, optical and copper signal conditioning, and rack-scale AI platforms with Leo 2 and Leo X-Series, Aries 7 and Orion SAN JOSE, Calif., Nov. 0...

Astera Labs stock made a strong bearish breakout and dropped to its lowest level since May 19. The shares fell to a low of $229, down 54% from their highest point this year, while the company's market capitalization shrank from over $82 billion to $39.4 billion.

Stock futures are pointing higher after a strong start to the week; Celestica is leading the AI trade higher after better-than-expected results; Nvidia agreed to invest $3 billion in Meta; JetBlue shares are rebounding from a record low after the airline released its results a day early; and Visa is set to report earnings after the closing bell, along with Seagate Technology. Here's what you ne...

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE), Astera Labs, Inc. (NASDAQ: ALAB), and Corning Incorporated (NYSE: GLW) today announced a joint demonstration of PCIe-over-optics connectivity for AI rack-scale architectures at the 2026 OCP Global Summit in San Jose, California. The rack-level demonstration combines an Astera Labs Scorpio Smart Fabric Switch with Lumentum...

Purpose-built retimers, redrivers, cable modules, optical drivers, and optical transimpedance amplifiers (TIAs) to support diverse PCIe 7 connectivity in AI systems

Astera Labs stock has held steady in the past few days, moving from a low of $251.97 on September 15 to the current $358. This price action has coincided with that of other companies in the artificial intelligence (AI) industry, like Corning, Lumentum, and Coherent.