Northland Upgrades Astera Labs to Outperform on Extended AI Spending Cycle
Astera Labs gets a bullish upgrade as AI spending grows, with strong results and more funding expected to drive future growth.
/ 6 items
#ALAB↓
ALAB Jumps on Beat-and-Raise as Scorpio X-Series Fabric Switches Ramp Ahead of Schedule
Astera Labs posts record Q2 revenue of $392.4M and guides for ~40% sequential growth in Q3, driven by Scorpio X-Series acceleration.
Nasdaq-100 Welcomes Rocket Lab, Astera Labs, CoreWeave, Nebius & Teradyne
Charter (CHTR), Cognizant (CTSH), Insmed (INSM), Verisk (VRSK) and Zscaler (ZS) will be removed from the Nasdaq-100 Index effective June 22, 2026.
Loop Capital Goes Bullish on Astera Labs: The Next Big AI Pure Play After Nvidia
Loop Capital starts coverage on Astera Labs with a Buy rating and $250 price target, calling it a leading diversified AI silicon pure play after Nvidia.
BNP Paribas Exane Sees Big Upside for Astera Labs
BNP Paribas Exane initiates coverage on Astera Labs with an Outperform rating and $225 target, citing strong long-term opportunities despite recent stock weakness.
Astera Labs Joins Arm Total Design to Accelerate Custom AI Chip Development
Astera Labs partners with Arm Total Design to deliver chiplet connectivity for AI infrastructure using PCIe, CXL, and UALink amid recent stock volatility.