Jim Cramer Says “I’d Press My Bet With Astera Labs”

Astera Labs, Inc. (NASDAQ:ALAB) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer was bullish on the stock during the episode, as he said:

I’d press my bet with Astera Labs, fabulous semiconductor company that also does connectivity. And when people ask me what does Astera Labs do, I always say it goes up.

Stock market data. Photo by Burak The Weekender on Pexels

Astera Labs, Inc. (NASDAQ:ALAB) develops semiconductor-based connectivity solutions and software for cloud and AI infrastructure. The company’s products include intelligent connectivity platforms, smart retimers, cable modules, memory controllers, and system management software. Cramer called it a very good company when a caller asked about it during the March  6 episode, as he commented:

Oh my god, this is such a red-hot stock. It’s incredible. The price-to-earnings multiple is behind. I always look at it, I say, when is this stock going to come in for sale? And it really doesn’t, and that is because it’s a very good company.

While we acknowledge the risk and potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALAB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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