Astera Labs (ALAB) will join the Nasdaq-100 Index before the market opens on June 22, 2026. The addition follows the index's quarterly rebalancing. This move places the AI connectivity provider among the largest non-financial companies on the exchange.
Company shares rose approximately 5% in after-hours trading following the announcement. Passive funds and ETFs tracking the benchmark index are expected to trigger new buying activity.
Astera Labs serves as the underlying company for the related CEDEAR. The inclusion reflects the firm's significant growth within the AI infrastructure sector.