<?xml version="1.0" encoding="utf-8"?>
<linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.xbrl.org/2003/linkbase">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended" xmlns:xlink="http://www.w3.org/1999/xlink">
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_ExpectedCreditLoss" xlink:label="alphawave_ExpectedCreditLoss" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_PropertyAndEquipmentOwned" xlink:label="alphawave_PropertyAndEquipmentOwned" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_PropertyAndEquipmentLeased" xlink:label="alphawave_PropertyAndEquipmentLeased" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentOwned" xlink:label="alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentOwned" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentLeased" xlink:label="alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentLeased" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_AdjustmentsForDeferredCashRights" xlink:label="alphawave_AdjustmentsForDeferredCashRights" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_AdjustmentsForOtherIncome" xlink:label="alphawave_AdjustmentsForOtherIncome" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_TransferOfCumulativeCompensationExpenseOnSettledAwards" xlink:label="alphawave_TransferOfCumulativeCompensationExpenseOnSettledAwards" />
    <loc xlink:type="locator" xlink:href="213800ZXTO21EU4VMH37-2023-12-31.xsd#alphawave_DescriptionOfAccountingPolicyForCloudComputingArrangements" xlink:label="alphawave_DescriptionOfAccountingPolicyForCloudComputingArrangements" />
    <labelArc xlink:type="arc" xlink:from="alphawave_ExpectedCreditLoss" xlink:to="label_alphawave_alphawaveExpectedCreditLoss_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_PropertyAndEquipmentOwned" xlink:to="label_alphawave_alphawavePropertyAndEquipmentOwned_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_PropertyAndEquipmentLeased" xlink:to="label_alphawave_alphawavePropertyAndEquipmentLeased_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentOwned" xlink:to="label_alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentOwned_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_AdjustmentsForDepreciationOfPropertyAndEquipmentLeased" xlink:to="label_alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentLeased_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_AdjustmentsForDeferredCashRights" xlink:to="label_alphawave_alphawaveAdjustmentsForDeferredCashRights_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_AdjustmentsForOtherIncome" xlink:to="label_alphawave_alphawaveAdjustmentsForOtherIncome_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_TransferOfCumulativeCompensationExpenseOnSettledAwards" xlink:to="label_alphawave_alphawaveTransferOfCumulativeCompensationExpenseOnSettledAwards_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="alphawave_DescriptionOfAccountingPolicyForCloudComputingArrangements" xlink:to="label_alphawave_alphawaveDescriptionOfAccountingPolicyForCloudComputingArrangements_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <label xlink:label="label_alphawave_alphawaveExpectedCreditLoss_Standard" id="alphawave_alphawaveExpectedCreditLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Expected credit loss</label>
    <label xlink:label="label_alphawave_alphawavePropertyAndEquipmentOwned_Standard" id="alphawave_alphawavePropertyAndEquipmentOwned_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Property and equipment – owned</label>
    <label xlink:label="label_alphawave_alphawavePropertyAndEquipmentLeased_Standard" id="alphawave_alphawavePropertyAndEquipmentLeased_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Property and equipment – leased</label>
    <label xlink:label="label_alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentOwned_Standard" id="alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentOwned_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for depreciation of property and equipment - owned</label>
    <label xlink:label="label_alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentLeased_Standard" id="alphawave_alphawaveAdjustmentsForDepreciationOfPropertyAndEquipmentLeased_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for depreciation of property and equipment - leased </label>
    <label xlink:label="label_alphawave_alphawaveAdjustmentsForDeferredCashRights_Standard" id="alphawave_alphawaveAdjustmentsForDeferredCashRights_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for deferred cash rights</label>
    <label xlink:label="label_alphawave_alphawaveAdjustmentsForOtherIncome_Standard" id="alphawave_alphawaveAdjustmentsForOtherIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for other income</label>
    <label xlink:label="label_alphawave_alphawaveTransferOfCumulativeCompensationExpenseOnSettledAwards_Standard" id="alphawave_alphawaveTransferOfCumulativeCompensationExpenseOnSettledAwards_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Transfer of cumulative compensation expense on settled awards</label>
    <label xlink:label="label_alphawave_alphawaveDescriptionOfAccountingPolicyForCloudComputingArrangements_Standard" id="alphawave_alphawaveDescriptionOfAccountingPolicyForCloudComputingArrangements_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Description of accounting policy for cloud-computing arrangements</label>
  </labelLink>
</linkbase>