Astera Labs Leads AI Stock Losses With 11.11% Drop at Thursday Close

AI-linked shares ended lower in Thursday’s U.S. session, with Astera Labs leading the declines after its stock fell 11.11% by the close.

The weakness spanned all five named companies. Teradyne dropped 10.63%, and CoreWeave lost 10.06%. KLA fell 9.55%, while Marvell declined 8.7%.

The broader market was mixed. The Nasdaq fell 2.6%, and the S&P 500 slipped 1.21%, while the Dow Jones Industrial Average edged up 0.02%. The VIX climbed 14.09%.

Astera Labs had also fallen 6.02% during an earlier U.S. session amid declines in AI-linked shares. Thursday’s 11.11% loss was steeper than that earlier move.