🟢 Astera Labs is trading 4.1% up in pre-market as semiconductor stocks rebounded

Astera Labs is trading at $243.12, up 4.07%, as semiconductor stocks rebound.

• The Philadelphia Semiconductor Index rose 2.64%, with gains across major chipmakers.
• Astera Labs reported record third-quarter revenue of $584.9 million and forecast fourth-quarter revenue of $730 million to $750 million. Shares initially slipped after the report, and available reporting does not directly attribute the pre-market rise to the results.