Astera Labs Stock Jumps After The Bell: What's Happening?

Quick Summary:

What Happened: After the market close on Tuesday, Astera Labs introduced a portfolio of switches designed for AI workloads in accelerated computing platforms deployed at cloud-scale. 

The semiconductor-based connectivity solutions company said its Scorpio Smart Fabric Switch portfolio was optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployment, reduced time-to-market and lower ownership costs.

Astera Labs Inc (NASDAQ:ALAB) shares are trading higher in Tuesday’s after-hours session after the company announced new fabric switches for AI infrastructure.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: NVDA Why it's moving Benzinga News Tech After-Hours Center AI Movers US67066G1040 ALAB Artificial intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 20:48:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22959638

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