Astera Labs: A Buying Opportunity Amidst Stock Drop

Astera Labs, despite a steep stock drop, is seen as a strong AI infrastructure play by financial analysts. BNP Paribas initiates coverage with an Outperform rating, citing Amazons Trainium systems as a potential revenue booster. Astera Labs, with its PCIe six portfolio and Nvidia partnership, reported record Q3 revenue and expects continued growth. Wall Street analysts predict a potential upside of over forty-four percent, indicating a bullish outlook on the companys future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.