Jim Cramer’s 20 Bold AI Predictions – See How They Played Out!

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

Number of Hedge Fund Holders In Q2 2025: 56

Date Of Cramer’s Remarks: 8-27-24

Share Price Performance Since Then: 288%

Astera Labs, Inc. (NASDAQ:ALAB) is a computer hardware company that sells products used in AI servers. Since Cramer’s comments, the shares have gained a whopping 288%. During this time period, Astera Labs, Inc. (NASDAQ:ALAB) has seen some turbulence. For instance, its shares fell by 28% during January’s DeepSeek selloff, which saw investors dump AI stocks on the back of worries about lower infrastructure spending. However, in November 2024, Astera Labs, Inc. (NASDAQ:ALAB)’s shares had jumped by a whopping 37% after the firm’s third quarter earnings. In August 2025, the shares jumped by another 29% as Astera Labs, Inc. (NASDAQ:ALAB)’s Q2 earnings impressed investors. As for Cramer, here’s what he had said about the firm in August 2024:

“The ninth-largest deal of the year is Astera Labs, which makes connectivity solutions for AI and cloud infrastructure—nice buzzwords there, but it sounds enticing. I didn’t like that it spiked 72% right out the gate—I told you so a few days later—just seemed way too expensive.”