15 AI News Making Waves Right Now

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

Market Capitalization: $14.34 billion

Astera Labs, Inc. (NASDAQ:ALAB) provides semiconductor-based connectivity solutions for data-centric systems, including AI and cloud infrastructure.

One of the stocks in focus on Monday, November 18 was Astera Labs, Inc. (NASDAQ:ALAB). Citi initiated coverage on the company with a “Buy” rating and a $120 price target. The firm says it is bullish on the cloud/infrastructure company. This is because Astera Labs has direct ties to major players such as Nvidia, and hyperscalers such as AWS, which are expected to increase their use of accelerators. The company’s connections with industry giants offer it potential opportunities in the AI space.

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