ALA is trading 3.96% up at $10.35 as AI and semiconductor stocks remain strong, supporting its 2x exposure to Astera Labs.
- Astera Labs’ Leo X-Series and Leo 2 E & P-Series memory-controller launches at AI Infra Summit helped sustain a multi-day rally in the underlying stock.
- Broader technology sentiment is also supportive, although major U.S. indexes are modestly lower.