Amazon gets boost from 72% pop in AI company Astera Labs’ IPO

Amazon gets boost from 72% pop in AI company Astera Labs’ IPO

[ad_1]

On this picture illustration, Astera Labs brand is seen on a smartphone and on a computer display. 

Pavlo Gonchar | SOPA Photographs | Lightrocket | Getty Photographs

Amazon CEO Andy Jassy loves to speak about how a lot his firm is benefiting from the artificial intelligence boom. On Wednesday, Amazon received an AI enhance otherwise.

Shares of Astera Labs, which sells information heart connectivity chips to cloud and AI infrastructure firms, soared 72% of their Nasdaq debut, closing at $62.03. That offers Astera a market cap of near $9.5 billion.

administrator

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *