Astera Labs is trading 6.6% down at $8.22 as broader AI-chip selling weighs on the stock after investors reacted cautiously to its August 4 earnings report.
- Q2 revenue reached $392.4 million, up 104% year over year; adjusted EPS was $0.80 versus a $0.69 estimate.
- Management forecast Q3 revenue of $540 million–$560 million, while elevated AI-infrastructure spending concerns weigh on the sector.