10 AI Stocks In The Spotlight For Investors

7. Astera Labs, Inc. (NASDAQ:ALAB)

Number of Hedge Fund Holders: 56

Astera Labs, Inc. (NASDAQ:ALAB) is one of the 10 AI Stocks In The Spotlight For Investors. On October 7, Citi set a Street-high $275 price target on the stock and reiterated a “Buy” recommendation.

The firm believes that ALAB is poised to soar after Monday’s landmark multibillion-dollar AI infrastructure deal between Advanced Micro Devices and OpenAI.

The semiconductor maker provides hardware and software for AI and cloud infrastructure applications, and will be supplying critical networking infrastructure for AMD’s Helios platform, set to debut in 2026.

Citi analyst Atif Malik noted how ALAB’s relationship with AMD will allow it to take advantage from OpenAl’s agreement to deploy up to 6 gigawatts of AMD Instinct GPUs.

“We see the news positively for ALAB as it is a leader in open AI networking ecosystems including UALink AMD is able to leverage in its Helios platform coming in 2026.”

ALAB may also benefit from the wider adoption of open rack-scale systems. This will in turn put it on the track to pull in $1,000 per accelerator.

Astera Labs, Inc. (NASDAQ:ALAB) is engaged in the design, manufacture, and selling of semiconductor-based connectivity solutions for cloud and AI infrastructure.