Astera Labs, Inc. - Common Stock (ALAB)

U.S. stocks rebounded sharply on Wednesday, fully erasing last Friday's losses, as upbeat corporate earnings and renewed investor optimism outweighed concerns over escalating trade tensions.

Astera Labs Inc (NASDAQ:ALAB) shares are soaring Wednesday after the company reported better-than-expected financial results for the second quarter and issued strong guidance.

Traders are paying attention to the gapping stocks in Wednesday's session. Let's dive into which stocks are experiencing notable gaps.

The US market session of Wednesday has yet to be opened, let's have a look at the top gainers and losers in the pre-market session today.

Astera Labs saw 18.73% surge in stock during premarket trading after announcing record Q2 earnings exceeding expectations.

Astera Labs stock soars on record quarterly revenue of $191.9 million, up 150% year-over-year. CEO Mohan says company at forefront of AI transformation.

Chipmaker Astera Labs handily beat analyst estimates for the second quarter and guided higher for the current period. Astera Labs stock rose.

Investment bank Morgan Stanley raised its price targets on five makers of chips for AI data centers, including Nvidia stock.

Medpace, ICON, and West Pharma led last week's large-cap rally, driven by strong earnings beats and upgraded guidance.

The Trump administration's "AI Action Plan" and Google's increased data center spending are likely to buoy Nvidia stock and others.

Astera Labs stock surged Monday after the maker of connectivity systems received some positive analyst comments.

Most of the old guard's biggest AI-driven gains have happened. It's time for the next generation of AI stocks to step into the spotlight.

The S&P 500 made a new all-time high this week as risk-on sentiment returned; as uncertainty continues to clear, stocks could make new highs in the second half.