On August 27, Astera Labs, Inc. rose 3.72% overnight, trading at 300.3 USD/share, with turnover of 38,500 USD.

On the news front, NVIDIA reported fiscal Q2 revenue of $96.2 billion, up 106% year-over-year, surpassing the consensus estimate of $92.38 billion. Data center revenue reached $89 billion, a 117% increase, while Q3 revenue guidance also exceeded expectations, sending NVIDIA shares up over 4% after hours and lifting the broader semiconductor and AI infrastructure supply chain.

As a designer of semiconductor-based connectivity solutions for cloud and AI infrastructure, Astera Labs, Inc. is a direct beneficiary of accelerating data center buildouts. The company itself reported strong Q2 results earlier this month, with adjusted EPS of $0.80 beating the $0.69 estimate and revenue of $392.4 million topping expectations. Its Q3 revenue guidance of $540-560 million significantly exceeded the prior $417 million consensus, prompting multiple analyst upgrades with price targets ranging from $350 to $500.

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