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Astera Labs Leads Semiconductor Rally Amid Renewed AI Chip Demand

Astera Labs Leads Semiconductor Rally Amid Renewed AI Chip Demand

Author:

Global Cryptocurrency

Published:

2026-01-03 09:11:02

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BTCCSquare news:

Astera Labs shares surged 7.9% on Friday, outpacing broader semiconductor gains as investors renewed bets on AI-driven chip demand. The Philadelphia Semiconductor Index climbed 4%, reflecting sector-wide Optimism fueled by cloud infrastructure and data center growth.

Traders await key U.S. economic reports that could sway interest rate expectations, with ALAB stock trading between $170-$183 on heavy volume. The rally underscores persistent demand for connectivity chips enabling high-speed data transfer in AI servers.

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