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Astera Labs surges on 144% revenue growth and deeper NVIDIA ties, cementing its role in AI infrastructure buildout.
The world of initial public offerings (IPOs) has seen several standout performers over the past year. CoreWeave, Inc. CRWV saw a massive rally following its late March debut and Circle Internet Group, Inc. CRCL burst onto the scene last week with its successful IPO.
Does Astera Labs, Inc. (ALAB) have what it takes to be a top stock pick for momentum investors? Let's find out.
Astera Labs is on track for a significant revenue ramp in the second half of the year when it starts volume shipments of Aries 6 and Scorpio P-Series product families. The introduction of the Aries 6 PCIe gearbox presents a short- to medium-term growth tailwind as the industry completes its transition to PCIe 6. By developing connectivity solutions for NVLink, the Company eliminates a key pillar of the bearish thesis on its stock while turning it into a market opportunity.
Astera Labs is emerging as a leading name in AI data center connectivity with a full PCIe 6.0 stack and strong OEM ties, raising investor hopes for more upside ahead.
Astera Labs' rapid Quant rating improvement and strong earnings support my reiterated Strong Buy rating with a $140 target in 12-24 months. Astera and Credo, while competitors, are both key enablers in a massive semiconductor market with differentiated, high-growth product portfolios. Astera's focus on internal AI server connectivity and Credo's external data center solutions highlight their unique, complementary roles in the industry.
The three newest companies added to the ROBO Global Artificial Intelligence Index (THNQ) have become the No. 1, No. 2, and No. 9 best performers within the strategy quarter-to-date, highlighting the impact of strategic, timely inclusions.
Does Astera Labs, Inc. (ALAB) have what it takes to be a top stock pick for momentum investors? Let's find out.
SANTA CLARA, Calif., May 19, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced it is collaborating with NVIDIA to provide scale-up connectivity solutions for the new NVIDIA NVLink Fusion ecosystem.
A professional pundit got notably more bullish on Astera Labs (ALAB 1.61%) on Monday, and that set quite a positive tone for the semiconductor company's stock in the subsequent trading days. According to data compiled by S&P Global Market Intelligence, the shares were trading up by almost 30% week to date as of early Friday morning.