On June 23, Astera Labs fell 8.45% in regular trading, trading at $415.745/share, with turnover of $453 million.

On the news front, the Nasdaq 100 index constituent adjustment officially took effect before the open on June 22, with passive fund forced allocation demand having already been released in concentrated fashion, driving the stock higher continuously from June 17. On the effective date, turnover surged to $551 million. With the index inclusion catalyst now fully realized, prior profit-taking pressure has emerged in force. The Nasdaq 100 index is tracked by over 200 investment products globally with assets under management exceeding $800 billion, meaning the bulk of mechanical buying has already concluded.

Meanwhile, the semiconductor sector experienced a broad and deep pullback on the same day. Among peers, Micron Technology fell 9.26%, Marvell Technology fell 6.07%, Advanced Micro Devices fell 5.01%, Intel fell 2.96%, and NVIDIA fell 2.63%, creating sector-wide downward pressure on the stock.

(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.)