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Wajeeh Khan

Astera Labs Stock Jumps on Major Amazon-Anthropic Deal. Should You Buy ALAB Here?

ALAB Amazon Astera Anthropic Astera Labs

Astera Labs (ALAB) shares soared on Tuesday morning after AI research lab Anthropic said it will spend more than $100 billion on Amazon's (AMZN) Amazon Web Services (AWS) over the next 10 years.  

Following today’s surge, ALAB’s relative strength index (14-day) is hovering around 80, signaling extremely overbought conditions that often prompt a meaningful selloff. 

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