U.S. stock market moves | Astera Labs (ALAB.US) rises more than 10%, reaching a record high

Chinatimes Finance APP learned that on Monday, Astera Labs (ALAB.US) rose more than 10%, hitting a historical high of $211.71. On the news front, Morgan Stanley analyst Joseph Moore recently raised Astera Labs' target price from $155 to $200 and maintained a buy rating on the stock. In a focused report on expanding network technology, he pointed out that the rack-scale AI business is creating value at an astonishing rate, with an estimated $17 billion new market opportunity for Astera Labs, NVIDIA (NVDA.US), Broadcom (AVGO.US), Marvell Technology (MRVL.US), and other companies.