🟢 Astera Labs is trading 8.5% up today as chip stocks rebound after AI-sector selloff

Astera Labs is trading at $194.65, up +8.46%, with gains appearing to track a broader chip-stock rebound after Thursday’s sharp AI-sector selloff.

• A November 6 premarket report cited an about 8% gain alongside semiconductor and cloud-computing recoveries.
• Prior-session selling reflected concerns tighter AI regulation could slow U.S. data-center development.
• Astera Labs reported strong Q3 results and raised Q4 expectations November 3; these do not clearly explain this rebound.