Top 8 Trending AI Stock Updates On Wall Street Today

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

Number of Hedge Fund Followers: 51

Astera Labs, Inc. (NASDAQ:ALAB) is known for designing and manufacturing PCIe and ASIC ramps to improve hardware connectivity for AI and cloud infrastructure. It supplies AI fabric switches to top AI firms like Nvidia, Advanced Micro Devices, and Intel.

On March 20th, Astera Labs Inc. (NASDAQ:ALAB) announced its Scorpio Smart Fabric Switches for PCIe 6-ready NVIDIA Blackwell-based MGX platforms will deliver unmatched performance via a modular design compatible with NVIDIA MGX configurations for rapid deployments across a range of AI servers.

“As AI infrastructure rapidly evolves, the need for flexible server platforms that can be deployed at unprecedented pace and scale has never been greater. Our Scorpio P-Series Fabric Switch is purpose-built for AI servers and seamlessly integrates with the NVIDIA Blackwell-based MGX platform, enabling modular PCIe 6-ready designs that accelerate time-to-market and deliver unparalleled performance for next-generation AI systems.”

-said Mike Hendricks, Associate VP of Solutions and Ecosystem at Astera Labs Inc.