Astera Labs management announced a firm production timeline for its new Scorpio X fabric switch. The company projects this AI connectivity solution will become its largest product by the end of the year.
Shares of Astera Labs surged 13.3% in the prior trading session following the announcement.
Company directors and officers disclosed Form 144 filings for proposed share sales totaling approximately $60.4 million. These transactions are scheduled under pre-arranged trading plans.