Astera Labs Inc. (ALAB) saw a 13.47% decline on Tuesday, closing at $142.94 per share due to profit-taking after three consecutive days of gains. The company announced plans to offer custom connectivity solutions to support next-gen AI infrastructure, collaborating with hyperscaler partners to develop NVLink connectivity solutions. President Sanjay Gajendra highlighted the importance of delivering at cloud scale and flexibility in XPU connectivity through NVLink Fusion-enabled solutions. Although ALAB shows potential, other AI stocks may offer higher returns with limited downside risk. For more insights, explore our report on the best short-term AI stock.

Read more at Yahoo Finance: Astera Labs (ALAB) Declines 13% on Profit-Taking