# Astera Labs Shares Fall 8% Despite Strong Fourth-Quarter Outlook By John Kim Canonical URL: https://www.tokenpost.com/news/business/49087 Published: 2026-11-05T06:22:00.000Z Updated: 2026-11-05T06:22:00.000Z Section: Business > Quarterly results beat expectations, while Bank of America maintained a Neutral rating over valuation concerns. Astera Labs (ALAB) shares fell 8% in premarket trading Wednesday, Nov. 4, after the AI connectivity company reported quarterly results above expectations and issued a fourth-quarter outlook that topped consensus. The results and forecast pointed to continued demand for connectivity products used in artificial intelligence infrastructure. Morgan Stanley remained confident in the company’s growth, while Bank of America maintained a Neutral rating and viewed the valuation as elevated despite the share decline. Astera Labs had scheduled its [third-quarter results release]() for after Tuesday’s U.S. market close, with an earnings call set for 4:30 p.m. ET. ## Links in this article - [third-quarter results release](https://www.tokenpost.com/news/investing/47768)