On June 2, Astera Labs rose 3.04% in regular trading, trading at $334.18/share, with trading volume of approximately $186 million. The stock rebounded as the company showcased its connectivity solutions at Computex and the broader AI semiconductor sector staged a strong recovery.

On the news front, Astera Labs is hosting press conferences and live technology demonstrations at the Computex trade show. Management disclosed that its chip and optical solutions have been integrated into nearly 90% of global AI computing clusters, while the Scorpio X series has entered volume production ramp. Morgan Stanley highlighted that the company supplies switching and signal conditioning products for AWS Trainium 2, with Trainium 3-related products expected to ramp in the second half and potential involvement in Trainium 4 development.

Within the Semiconductors sector, the AI chip segment saw broad strength on the day. Among peers, Marvell Technology surged 21.91%, Broadcom rose 4.35%, and NVIDIA gained 0.53%, collectively reinforcing bullish sentiment around AI infrastructure connectivity names.

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