Astera Labs Inc. (NASDAQ:ALAB) shares are in focus Friday after Nasdaq announced its quarterly index reconstitution — with ALAB set to join the Nasdaq-100 effective before the market opens June 22.
- Astera stock is challenging resistance. Why is ALAB stock breaking out?
The Index Inclusion
Nasdaq’s quarterly reconstitution will add Astera to the Nasdaq-100 alongside CoreWeave, Nebius Group, Rocket Lab and Teradyne. Exiting the index are Charter Communications, Cognizant, Insmed, Verisk Analytics and Zscaler. The changes take effect before market open on June 22. The addition means every ETF and passive fund tracking the Nasdaq-100 — including the QQQ, which manages over $300 billion in assets — will need to purchase Astera shares ahead of that date, generating sustained buying pressure in the days leading up to the effective date.
The Business
The inclusion isn’t happening in a vacuum — Astera has earned it. The company designs semiconductor-based connectivity solutions for rack-scale AI infrastructure, and its growth has been extraordinary. Revenue and EPS have grown more than 5x since its IPO. The company guided Q2 2026 revenue to $355–$365 million, reflecting 15–18% sequential growth. The stock has surged 203% over the past three months alone, driven by strong demand for its Scorpio switches, custom silicon, and optical engines — all critical components in the AI data center buildout.
Astera Shares Rise
ALB Price Action: At the time of publication, Astera shares are trading 4.09% higher at $382.50, according to data from Benzinga Pro.
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