Astera Labs (ALAB) kicked off 2026 with a major rally. On Friday, January 2, 2026, ALAB surged 7.93% to close at $179.56 on about 5.7 million shares traded, and it traded around $180.35 in after-hours that evening. This move came as the broader semiconductor sector also jumped, with the PHLX Semiconductor Index (SOX) rising about 4% on the first trading day of the year.
In this short, we break down the verified price action, the volume, and the sector context that helps explain why ALAB moved higher.
Be the first to comment