10 Stocks Hurting From DeepSeek AI News That Could Turn Into Multibaggers

7. Astera Labs (NASDAQ:ALAB)

Astera Labs is a semiconductor company that manufactures and supplies purpose-built connectivity solutions for AI and cloud infrastructure. The company is set to be a beneficiary of the increased spending by hyperscalers as a result of Project Stargate.

ALAB not only collaborates with Nvidia but also has key partnerships with Micron, Intel, and AMD. Its latest product, the Scorpio Smart Fabric Switch, specifically targets cloud AI infrastructure and could be a key part of all future data center installations. In fact, ALAB’s products, especially the P-series switches, are an integral part of Nvidia’s Blackwell line of GPUs.

The only thing that investors need to keep an eye on is the company’s reliance on a handful of companies for a major portion of its revenue. Only 3 companies account for 72% of the company’s revenue, which is a high-concentration risk. The stock is down 15% during trading today.