US Stock Movement | Global Connectivity Chip Giant Astera Labs Rises About 5% Pre-market Ahead of Earnings Release

Glonghui, February 10th｜Astera Labs continued to rise nearly 5% in pre-market trading, after surging more than 30% over the previous two days. According to reports, Astera Labs will announce its Q4 financial results after the US market closes on February 10th. The market is closely watching the progress of Astera Labs' Aries PCIe Retimer and Scorpio Switch product lines amid Amazon's increased capital expenditure. The consensus GAAP net profit expectation is $51.24 million, up 107% year-on-year but down 44% quarter-on-quarter, while the company's upper guidance is $36.6 million.