Two meme stocks of March 2024 : $Reddit(RDDT)$ and $Astera Labs, Inc.(ALAB)$ are hot now IPOs. They amass colossal interest and have surged by 75% and 136% respectively. But neither of these companies has achieved profitability and valuations are way too high. Investors are largely in it for very short term. Anyone interested in trading these meme stocks should do so with ultmost care and diligence.
ALAB Pullback? Time to Add or Exit?
Astera Labs rose to $95 but then pulled back with the broader market.
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Is a good time to add or exit?
Backed up with big guys, will the chip company repeat trend of ARM?
What's your target price for Astera Labs?
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