NasdaqGS:ALABSemiconductor
Astera Labs (ALAB) Posts Q2 Revenue Surge to US$192 Million
Astera Labs (ALAB) experienced a notable price increase of 127% in the last quarter, amidst significant earnings improvement and strategic partnership announcements. The company's Q2 earnings showed substantial revenue growth, with sales rising to USD 192 million from the previous year's USD 77 million and a turnaround in net income from a loss to USD 51 million. A strategic partnership with Alchip Technologies aimed at enhancing AI infrastructure likely contributed positively to market...