Shares of Cardiol Therapeutics Inc. ($CRDO) surged by 63% in after-hours trading on December 2, 2024, following the company's strong earnings report that significantly exceeded market estimates. The positive momentum in $CRDO's stock appears to have influenced other related stocks, including $ALAB, which rose by $2.50 in after-hours trading. Analysts noted that $CRDO's performance is comparable to that of $AAOI, another company in the data center AI connectivity sector. Following the news, $ALAB also reached new all-time highs, reflecting the broader market enthusiasm for stocks in this segment. The stock price of $ALAB increased by 7% from a previous watchlist, with one trader exiting at a target price of $111 after buying at $103.20.