10 AI Stocks That Are Surging

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

One-month stock performance: 20.41%

On June 24, Stifel Nicolaus roughly doubled its price target on Astera Labs, Inc. (NASDAQ:ALAB) from $260 to $460 and kept a Buy rating. The firm’s upward-adjusted price target reflects an additional 17% from current levels. According to the firm, strong earnings across the AI infrastructure space have reinforced its bullish outlook on the sector. It also believes any short-term pullback in AI-related stocks should be viewed as an attractive entry point for long-term investors.

Earlier on May 6, Astera Labs, Inc. (NASDAQ:ALAB) announced its Q1 fiscal 2026 earnings. The company reported revenue of $308.4 million, up 93% year over year. The earnings per share came in at $0.16, which comfortably beat the Wall Street consensus of $0.18.

Going forward, ALAB expects its revenue to be between $355 million and $365 million for Q2 2026. This translates to an EPS of $0.68 and $0.70. CEO Mohan believed that the shift toward inference increased industry demand and opened up additional growth opportunities for the company.

Astera Labs Inc. (NASDAQ:ALAB) is a global semiconductor company that provides hardware and software solutions for AI and cloud infrastructure applications to solve memory, data, and networking bottlenecks. The company’s operations are divided into the following geographical segments: Taiwan, China, the United States, and Other.

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