🔴 Astera Labs is trading 4.4% down in pre-market as Alphabet’s disappointing results revive AI-return concerns

Astera Labs is trading at $284.00 (-4.44%) pre-market as AI-return concerns weigh on semiconductor shares.

• No clear company-specific announcement was identified.
• Alphabet’s disappointing results and heavy AI investment revived concerns that AI spending may not deliver adequate returns.
• Samsung shares fell after semiconductor profit missed expectations. The prior session’s report linked Astera Labs’ gain to a chip rally after SK Hynix’s record results, but that supportive backdrop has reversed.