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Why Astera Labs Stock Imploded This Week

Key Points Astera Labs stock plunged this week in an apparent reaction to an artificial intelligence (AI) deal between AMD and Oracle. An earlier deal between Nvidia and Intel caused the stock to slump in September. A high valuation is likely contributing to the volatility. 10 stocks we like better than Astera Labs › Shares of data center connectivity solutions provider Astera Labs (NASDAQ: ALAB) tumbled this week following news of a partnership between Advanced Micro Devices and Oracle. That dea ...