🟢 Astera Labs is trading 11% up in pre-market amid renewed AI-chip optimism

Astera Labs is trading at $288.12 (+11.02%) in pre-market amid broader AI-chip optimism, with no company-specific catalyst identified.

• The move follows Astera Labs’ sharp October 27 rally, as Anthropic’s IPO filing helped lift chip shares.
• Record SK Hynix results and strong Asian chip stocks added to overnight optimism; investors are also awaiting the Fed decision and major technology earnings.