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Why Astera Labs Stock Plummeted This Week

Are investors falling out of love with Astera Labs stock?Astera Labs (ALAB -1.43%) stock got hit with a double-digit sell-off across this week's trading. The company's share price fell 19.3% over the period. Meanwhile, the S&P 500 and the Nasdaq Composite declined 0.3% and 0.7%, respectively. While there wasn't any fresh, business-specific news behind Astera Labs' sell-off this week, the company's valuation headed lower in response to widespread valuation concerns that impacted the market. Declines for the ...