Astera Labs stock dips as earnings loom after Israel design-center move fuels run-up
Astera Labs shares fell 1.3% to $185.16 in Tuesday afternoon trading, reversing part of Monday’s 10.5% rally after the company announced a new Israel R&D center focused on AI connectivity. Investors are awaiting fourth-quarter results due after the close. The stock swung between $181.02 and $197.50 during the session. The Nasdaq slipped 0.3% and S&P 500 fell 0.2%.