Astera Labs (ALAB) fell 11% on October 30, nearly four times the Nasdaq Composite's 2.9% drop, amid broader AI spending worries sparked by news from Alphabet, Amazon and Intel rather than Astera itself. The company reports third-quarter results after the close on November 3. Analysts expect 2026 revenue of $1.91 billion, which the article says requires a fourth-quarter guide of $648 million to $668 million to stay intact. Gross margin is guided to about 72% for the third quarter, down from 76.3% in the first quarter, with roughly half the decline from a non-cash Amazon warrant charge and the rest from hardware mix. At 46x forward earnings, versus a one-year average of 72x, the stock sits near the bottom of its range.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Astera Labs Fell Harder Than the Market in the AI Selloff. Here’s What November 3 Must Show
Read the original on Yahoo Finance ↗
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
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