AI chips: Astera Labs stock skyrockets, GlobalFoundries rises

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Astera Labs (ALAB) stock lifts off, skyrocketing by nearly 30% on Tuesday after the AI chip company beat third quarter earnings estimates. Astera Labs went on to raise its full-year guidance.

Concurrently, GlobalFoundries shares (GFS) pop in Tuesday's morning trading despite missing third quarter estimates on its top and bottom lines.

Catalysts hosts Seana Smith and Madison Mills discuss why both stocks are accelerating into positive territory today despite their two different earnings stories.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.