🔴 ALA is trading 3.8% down in pre-market as Astera Labs shares fell after earnings

ALA is trading 3.8% down in pre-market at $4.79 as Astera Labs shares came under pressure after its quarterly report.

• Astera Labs beat revenue and earnings estimates and issued a strong fourth-quarter revenue outlook.
• Analysts cut price targets, while Astera Labs’ gross margin declined year over year.
• The fund seeks 2x the daily performance of Astera Labs.