Why Astera Labs Stock Plummeted This Week
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Astera Labs' stock plummeted 19.3% this week amid broader market valuation concerns, despite the S&P 500 and Nasdaq's minor declines. Federal Reserve Chair Jerome Powell's remarks on high stock valuations contributed to investor sell-off, particularly in growth stocks. However, Astera's stock is still up 49% in 2025, driven by AI demand. The company projects Q2 sales between $203 million and $210 million, indicating strong year-over-year growth of about 83%. Despite growth potential, the stock carries significant risk, valued at 42 times expected sales.
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