ALAB

The biggest AI gains of the next two years may come from names most investors overlook entirely.

Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising.

Astera Labs is gaining momentum from strong Scorpio, Aries and Taurus demand, with robust third-quarter growth expectations supporting its AI infrastructure story.

Astera Labs, Inc. (ALAB) reported earnings 30 days ago. What's next for the stock?

Astera Labs provides essential high-speed connectivity solutions for large-scale artificial intelligence data centers. NVIDIA remains the dominant force in AI infrastructure by providing both the chips and the full software stack.

SAN JOSE, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced that it will participate in the Citi 2026 Global TMT Conference on Sept.

Here is how Astera Labs, Inc. (ALAB) and Avnet (AVT) have performed compared to their sector so far this year.

Astera Labs rides on surging Scorpio X-Series demand, record revenues, and a rapid production increase as it battles Marvell and Credo in AI connectivity.

Astera Labs delivered record Q2 results, doubling revenue and nearly tripling net income on surging demand for AI data center infrastructure. ALAB benefits from hyperscaler-driven CapEx acceleration, positioning it to capture secular AI infrastructure growth and favorable product mix-driven margin expansion. Shares have corrected lately, presenting a buying opportunity at a discount to the historical valuation, with potential revaluation amid robust fundamentals.

The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the second quarter of 2026. Nebius Group, Western Digital Corporation, and Astera Labs, Inc. were among the top contributors to performance. GFL Environmental Inc, QXO, Inc., and Figure Technology Solutions, Inc. were among the top detractors from performance.