BlackRock’s 30 Most Important AI Stocks Right Now

19. Astera Labs Inc. (NASDAQ:ALAB)

Weight in ARTY ETF: 1.55%

Number of Hedge Fund Holders: 53

Astera Labs Inc. (NASDAQ:ALAB) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is the second-largest institutional investor in the company, holding 6.68% or 11.45 million of outstanding shares, according to Yahoo Finance data.

On June 23, Bank of America Securities adjusted its target price for Astera Labs Inc. (NASDAQ:ALAB) from $240 to $450, while maintaining a Neutral rating on the stock. The revision was part of the broader adjustments by the firm to its models and price target across the semiconductor segment.

As a result, the firm raised forecasts for the semiconductor industry’s addressable market size to roughly $2.7 trillion by the end of 2030. These estimates are primarily driven by increased growth across data center and memory markets, as well as by a notable recovery within the industrial and automotive segments.

Later on June 24, Stifel also increased the target price on Astera Labs Inc. (NASDAQ:ALAB) from $260 to $460, and retained a Buy rating on the stock. The firm highlighted that Astera was one of the names that reported favorable first-quarter results. This confirms the firm’s previous quarter’s identification of analog semiconductor companies as likely candidates for a breakout during 2026.

The firm stated in its second-quarter earnings review that it continues to expect periodic weakness across AI-linked stocks, which could prove to be an appealing entry point for long-term investors looking to gain exposure to businesses with robust technological leadership.

Astera Labs Inc. (NASDAQ:ALAB) is focused on providing connectivity solutions via semiconductor-based products to support cloud and AI infrastructure. Its intelligent connectivity platform has created a high-speed, mixed-signal product rating framework consisting of a connectivity system that enables optimization of resources at cloud-scale.