ALAB Stock Recent News

Analysts at Morgan Stanley recently upgraded their rating on Astera Labs stock. Morgan Stanley's analysts think the Astera share price can climb much higher over the next year.

Nvidia's Q2 results and forward guidance point to robust demand in the AI space. Despite failing to lift its own stock, Nvidia's results are powering gains for Astera Labs and many other AI stocks.

24/7 Wall St. Insights Nervous investors may be wondering if semiconductor stocks are still a good bet for the rest of this year.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Financial Results for the Second Quarter of Fiscal Year 2024.

Astera Labs' (ALAB) second-quarter 2024 results are expected to reflect strong demand for AI-enabled servers and data center infrastructure.

Astera Labs is well-positioned to benefit from the growth of the AI industry thanks to its products that are critical for data centers. Astera Labs has relationships with key players in the data center ecosystem, which shows its reliability. Astera Labs is already a dominant player in the retimer market with an 80% market share, which I expect to increase due to the company's advanced technology.

It's no secret that catching a stock early has the potential to promise investors massive gains over a long-term time horizon. It's always difficult to identify the IPOs with solid fundamentals that will continue to grow year-on-year.

For those looking for an alternative way to invest in Gen AI, Astera Labs trades at a much lower price to sales than Nvidia. The reason is the traction it is seeing for its connectivity products, which allows hyperscalers to derive the most performance out of the semiconductor giant's GPUs. However, there are risks mainly related to technological changes and competitors could become more aggressive.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs set to enter India to support rapid growth as a leader in purpose-built connectivity solutions for AI and cloud infrastructure.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Bethany Mayer to its Board of Directors. Mayer brings over 30 years of experience as a visionary leader and board member at networking, cybersecurity, and semiconductor companies. “Bethany brings a wide range of technology and leadership experiences at both global corporations and tech start-ups.