Why Astera Labs Skyrocketed Today

Astera Labs' recent earnings report looks like a game changer.Astera Labs (ALAB 37.70%) stock posted explosive gains in Tuesday's trading. The company's share price closed out the session up 37.7% and had been up as much as 39.8% earlier in the day's trading.After the market closed yesterday, Astera Labs published its third-quarter results. The company posted sales and earnings for the period that came in significantly better than Wall Street had expected, and it also gave encouraging forward guidance.Aster ...