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SANTA CLARA, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the fourth quarter 2024 after the close of market on Monday, Feb. 10, 2025.
Astera Labs stock benefits from strong demand for AI-enabled servers and data center infrastructure despite stiff competition.
I review five of the top stocks of 2024, selected based on their price action, fundamentals and presence within leading tech themes. All five of these stocks trade at quite high multiples, headlined by IonQ at 230x forward revenue and Palantir at a 2021-esque 63x forward revenue and 32x 2027 revenue. If there's one major takeaway from this selection of 2024's top tech stocks, it's that being at the top comes with quite the price tag and premium.
Stifel raised the firm's price target on Astera Labs to $150 from $100 and keeps a Buy rating on the shares. In the Analog, Connectivity, and Processors sector, the firm lists Astera Labs as one of the most attractive stocks in its coverage due to being a key AI infrastructure beneficiary, the analyst tells investors.
Astera Labs' latest innovations and strategic initiatives underscore its potential to significantly impact the AI industry.
Astera Labs shares surged after the chipmaker introduced a new family of data center switches built for artificial intelligence infrastructure.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs announces new Scorpio Smart Fabric Switch portfolio purpose-built for demanding AI workloads in accelerated computing platforms at scale.
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.