Semiconductor stocks are sliding. This one is a buy, BMO says

What happened: BMO Capital Markets says Astera Labs could be due for a big bounce after the stock lost nearly a third of its value over the past three months, as semiconductor stocks slide. Why it matters: BMO sees the pullback as a buying opportunity in the stock despite the recent decline.

BMO Capital Markets says Astera Labs could be due for a big bounce after the stock lost nearly a third of its value over the past three months, as semiconductor stocks slide.

BMO sees the pullback as a buying opportunity in the stock despite the recent decline.