On August 27, Astera Labs, Inc. rose 3.17% in pre-market trading, trading at $300.35/share, with turnover of $1.0092 million.

On the news front, NVIDIA reported Q2 fiscal year revenue of $96.2 billion, up 106% year-over-year and exceeding the market consensus of $92.38 billion. Data center revenue reached $89 billion, up 117% year-over-year, while Q3 revenue guidance also surpassed expectations. NVIDIA shares rose over 4% after hours, driving broad strength across the semiconductor and AI infrastructure supply chain.

Astera Labs, Inc., a provider of AI infrastructure connectivity solutions, previously reported Q2 revenue of $392.4 million — doubling year-over-year and beating the $360.7 million estimate — with adjusted EPS of $0.80 versus the $0.69 consensus. The company guided Q3 revenue to $540-$560 million, far above the prior $417 million expectation. Multiple investment banks subsequently raised price targets to a range of $350 to $500, with the stock benefiting from both strong fundamentals and sector-wide catalysts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)