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Barchart
Barchart
Wajeeh Khan

Astera Labs Hit a New All-Time High. Here’s Why.

Astera Labs ALAB

Astera Labs (ALAB) shares surged to a new all-time high of $499.48 on June 30, representing a more than 9% gain on their previous closing price. Shares have since pulled back slightly.

The semiconductor connectivity specialist has been one of the standout performers in the artificial intelligence (AI) infrastructure space, with ALAB stock currently trading at nearly 5x its price in late March.

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