🔴 ALA is trading 5% down today as Astera Labs shares fall

ALA is trading at $8.84, down 5.05%, as Alphabet’s results renewed concern over AI infrastructure costs and weakened AI-chip sentiment.

• ALA is a leveraged Corgi ETF designed to deliver 2x Astera Labs’ daily move; Astera shares were down about 3.45% during Thursday trading.
• Samsung’s guidance cut pressured technology stocks.
• The Nasdaq Composite was down 1.61% in the provided market context.