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Wall Street Boosts Astera Labs (ALAB) PT as AI Infrastructure Demand Accelerates

Astera Labs, Inc. (NASDAQ:ALAB) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, H.C. Wainwright analyst Gus Richard raised the price target on the stock to $195.00 (from $175.00) and reiterated a “Buy” rating.

The firm is optimistic on the stock as it sees ALAB poised for growth amid accelerating AI infrastructure trends. According to Richard, Astera Labs is “well-positioned as the interconnect vendor of choice and rapidly growing its opportunity per rack”.

Besides stronger growth per rack, the analyst also sees future upside for the stock from NVLink Fusion and copackaged optics.

“We believe that ALAB is well positioned as the interconnect vendor of choice and rapidly growing its revenue opportunity per rack. Throughout CY26 ALAB will grow its Scorpio X revenue with increasingly larger switches in 2H:26. In CY27 its NVLink Fusion product will maintain if not grow its revenue per AI accelerator chip. Longer term ALAB is well positioned as copackaged optics move into the mainstream. We are lifting our PT to $195 on multiple expansion.”

Astera Labs, Inc. (NASDAQ:ALAB) is engaged in the design, manufacture, and selling of semiconductor-based connectivity solutions for cloud and AI infrastructure.

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.

READ NEXT: 10 AI Stocks Making Headlines on Wall Street and 12 Must-Watch AI Stocks on Wall Street

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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