Astera Labs’ stock price fell following a new partnership between AMD and Oracle.
During the early trading session on Tuesday,$Astera Labs (ALAB.US)$ the share price plummeted 19% following reports that $Advanced Micro Devices (AMD.US)$ will establish a new partnership with$Oracle (ORCL.US)$to deploy 50,000 GPUs starting in the second half of 2026.
Astera Labs designs and manufactures semiconductor-based connectivity solutions for cloud and artificial intelligence infrastructure.
In September, Morgan Stanley stated that $Intel (INTC.US)$Together with $NVIDIA (NVDA.US)$The deal to jointly develop PC and data center chips could have a significant impact on Astera, causing Astera Labs’ stock price to drop accordingly.
Morgan Stanley noted at the time: ‘There are concerns that the expansion of NVLink into the x86 domain…
