Astera Labs Stock Jumps as Chip Shares Rally

Astera Labs Inc. (NASDAQ: ALAB ) shares are climbing Tuesday as chip stocks build on Monday’s rebound and an additional lift after Susquehanna boosted its outlook on equipment maker KLA Corporation. Here’s what you should know. Astera Labs shares are testing new highs. What’s behind ALAB new highs? Susquehanna Raises Outlook for Chip Equipment Demand Susquehanna updated its view on KLA Corporation on Monday, assigning a $275 price target to the wafer-equipment supplier. The analyst commentary added momentum to a rally already underway after Samsung highlighted progress in its 1.4nm manufacturing technology, which drew investor interest toward companies that supply tools for next‑generation chip production, according to Investing.com. Chip Stocks Extend Monday’s Strength Semiconductor names were the standout performers Monday as the group bounced from last week’s decline. T...