Astera Labs (ALAB) Declines 13% on Profit-Taking

We recently published 10 Stocks Deep in the Red. Astera Labs Inc. (NASDAQ:ALAB) is one of the worst performers on Tuesday. Astera Labs fell by 13.47 percent on Tuesday to finish at $142.94 apiece as investors resorted to profit-taking following three straight days of gains. The decline came despite announcements that it would now embark on delivering custom connectivity solutions—a new offering designed to address the increasing complexity and diversity of next-generation AI infrastructure. According to ...