11 Must-Buy AI Stocks Analysts Are Betting On

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

Stock Upside Potential as of June 18: 13.27%

Number of Hedge Fund Holders as of Q1: 45

Astera Labs, Inc. (NASDAQ:ALAB) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, the company inked a strategic collaboration with Alchip Technologies. The two are joining forces to accelerate the development of next-generation AI infrastructure.

The collaboration will merge Alchip’s custom ASIC development capabilities with Astera Labs’ comprehensive connectivity portfolio. The integrated solution will deliver interoperable solutions for hyperscalers building next-generation AI infrastructure: Astera Labs and its partner hope to streamline purpose-built AI infrastructure that meets performance demand for next-generation applications.

The strategic partnership should benefit hyperscalers by providing validated complete solutions integrating Astera Labs’ Intelligent Connectivity Platform. It will also promote industry innovation for next-generation AI connection standards such as Ethernet, NVLink Fusion, and UALinkTM.

Astera Labs, Inc. (NASDAQ:ALAB) provides semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates mixed-signal products, microcontrollers, sensors, and the COSMOS software suite for large-scale system management.