“Amazon gets boost from 72% [increase] in AI company Astera Labs’ IPO”
March 28, 2024
“…Shares of Astera Labs, which sells data center connectivity chips to cloud and AI infrastructure companies, soared 72% in their Nasdaq debut, closing at $62.03. That gives Astera a market cap of close to $9.5 billion…”
The AI sector is booming right now.