Astera Labs (ALAB) vs. CRDO and MRVL: Can Surging AI Demand Outpace Valuation Risks?

Is ALAB a good stock to buy? We came across a bullish thesis on Astera Labs, Inc. on Astute Optics – US’s Substack. The thesis was published on September 11^th, when the stock was trading at $291.22, and ALAB gained 11.29% since then. The gain appears to reflect optimism around AI infrastructure spending, supported by new memory connectivity products, growing customer design wins, and a broader rally in AI semiconductor stocks. In this article, we will summarize the bulls’ thesis on...