🔴 Astera Labs is trading 5% down today as hotter U.S. inflation fuels sector selling

Astera Labs is trading at $6.99, down 4.90%, amid continued pressure on semiconductor and AI-linked stocks.

• Reuters reported hotter-than-expected U.S. inflation increased expectations of further rate hikes and fueled selling in semiconductor and AI supply-chain shares.
• Investors questioned whether massive AI spending can pay off soon; available reports show no confirmed company-specific catalyst.
• Semiconductor stocks were down 3.68% during the regular session.