11 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holders: 45

Astera Labs, Inc. (NASDAQ:ALAB) is one of the stocks on Jim Cramer’s radar. A caller asked if they should buy, sell, or hold the stock, and Cramer replied:

“It’s too hot for me. It’s too hot for me…. I’ve gotta tell you, everything that you’re worried about, I’m worried about. I know it’s a straight-up stock. I’m willing to back Palantir as a straight-up stock. I can’t have two, more than one of these right now.”

Astera Labs, Inc. (NASDAQ:ALAB) develops semiconductor-based connectivity solutions for cloud and AI infrastructure. The company provides high-speed interconnect products, management software, and networking solutions for hyperscalers and OEMs. During a May episode, Cramer called it an “incredibly well-run” company, as he said:

“Okay, Astera Labs is a company that is incredibly well run, that has tremendous growth, but like many other companies, that stock has come down in value. I actually think it’s a good place to buy, given the fact that so many of these other stocks actually even have higher price-to-earnings multiples.”