Astera Labs, Inc. (NASDAQ:ALAB) is one of the Trending AI Stocks on Wall Street. On August 27, Stifel analyst Tore Svanberg reiterated a Buy rating on the stock with a $174.00 price target.
The rating reflects the firm’s optimism that Astera Labs can manage potential supply chain constraints effectively especially regarding Taiwan Semiconductor Manufacturing Company’s (TSMC) leading-edge nodes.
Stifel highlighted how TSMC’s early investment in the company has helped it secure manufacturing capacity despite industry-wide shortages.
“We believe ALAB remains well positioned to continue to manage potential supply chain constraints effectively, particularly with TSMC’s leading-edge nodes. TSMC’s early investment in ALABS, coupled with the overlap between the company’s customers and TSMC’s customer base, have also helped secure capacity, supporting the company’s rapid growth despite industry-wide tightness in substrates and manufacturing.”
Astera Labs, Inc. (NASDAQ:ALAB) is engaged in the design, manufacture, and selling of semiconductor-based connectivity solutions for cloud and AI infrastructure.
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