ALAB Stock Recent News

Record quarterly revenue of $159.4 million, up 13% QoQ and 144% YoY Strong demand for PCIe scale-up and Ethernet scale-out in custom ASIC platforms PCIe 6 connectivity portfolio poised to ramp in leading GPU-based rack-scale systems starting in Q2 SANTA CLARA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal year 2025, ended March 31, 2025.

I rate Astera Labs a Strong Buy with a 12-24 month price target of $140 due to strong secular growth in AI/data center connectivity. Astera's unique semiconductor portfolio, first-mover advantage, and integration with COSMOS offer a competitive edge and premium pricing in AI server topologies. Key customers include Nvidia, AMD, Meta, Amazon AWS, Google, and Microsoft, with significant contributions expected from all product families in 2025.

Astera Labs' first-quarter 2025 results are expected to reflect strong demand for AI-enabled servers and data center infrastructure amid stiff competition.

Astera Labs' revenue quadrupled in 2024 due to high demand for Aries retimers, driven by Nvidia's Hopper GPUs deployments in AI data centers, making it a standout in AI Connectivity. After a 48% stock drop this year, Astera Labs' valuation is now attractive, with strong growth potential and market share gains from competitors like Marvell. Astera Labs' innovative products, including retimers, memory controllers, and fabric switches, are expected to drive significant revenue growth and market penetration.

SANTA CLARA, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its purpose-built PCIe® 6 connectivity portfolio is ramping production to fast-track deployments of modern AI platforms at scale.

Astera Labs, Inc. (ALAB) closed the most recent trading day at $65.31, moving -0.52% from the previous trading session.

Astera Labs and Marvell Technology develop high-speed connectivity solutions for AI and data center infrastructure. Let's see which stock is poised to dominate.

Astera Labs is well-positioned for 2025 with revenue contributions from all four product lines, driven by strong demand from hyperscalers and AI infrastructure needs. Significant investments in R&D and headcount in 2024 set the stage for robust growth, making the current stock correction a compelling entry point. Key business drivers include internally developed platforms, ramp-up of AI racks with third-party GPUs, and compute applications for data centers.

SANTA CLARA, Calif., April 10, 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 first quarter 2025 after the close of market on Tuesday, May 6, 2025.

Astera Labs' lower-than-expected gross margin can be attributed to a shift in product mix toward hardware-based solutions, which impacted investors' sentiment.