Reported about 20 hours ago
Astera Labs has made headlines with its stock surging 90% in the past month due to skyrocketing demand for AI chips, following a strong quarterly performance that exceeded Wall Street expectations. The company has carved out a critical role in AI infrastructure, optimizing connectivity and efficiency for growing data center needs as major tech players invest heavily in AI technologies. With optimistic future sales projections and upgraded stock targets from analysts, Astera seems poised for continued growth in this rapidly evolving market.
Source: YAHOO