On June 12, Astera Labs rose 3.02% overnight, trading at $379.89/share, with turnover of $699,900.

On the news front, the company recently announced an expansion of its Taiwan operations and cloud-scale interoperability lab, deepening collaboration with AMD, Arm, Intel, and NVIDIA to accelerate AI infrastructure validation and system integration. Management previously disclosed at Computex that its chip and optical solutions have been integrated into nearly 90% of global AI compute clusters, with the Scorpio X series entering volume production ramp. The broader semiconductor sector has maintained recovery momentum, with Marvell Technology up 1.35%, Intel up 0.89%, AMD up 0.72%, Micron Technology up 0.7%, and NVIDIA up 0.43%, providing continued sector tailwinds. Additionally, Goldman Sachs research recently reinforced its bullish stance on the AI investment cycle, noting that exponential growth in token consumption will sustain demand for data center and AI chip infrastructure spending.

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