Astera Labs - AI Boom Provides Chip Manufacturer With Excellent Growth Prospects!
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Business drivers: Astera Labs Inc. (ALAB) specializes in connectivity solutions for AI and cloud infrastructures. The company offers products such as the Aries PCIe/CXL Smart Retimer and Switch, which ensure robust and reliable data transmission in data centers. The customer base of Astera Labs includes, among others, Intel, AMD, and NVIDIA. On July 18th, Stifel reaffirmed its rating of Buy and raised the price target from $100 to $110.
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