Nvidia continues to be the runaway leader in chips used for artificial intelligence (AI). The company's leading position in the data center market has driven triple-digit revenue growth over the last few years. Nvidia is now one of the most valuable companies in the world, with a $3.4 trillion market cap at present.However, with $113 billion in trailing revenue, Nvidia has become a very large business, which will make it more difficult to maintain this level of growth. Nvidia's top-line growth is already sl ...

Astera Labs (ALAB) shares have surged 48.4% in the past month, outperforming the broader Zacks Computer & Technology sector’s return of 5% and the Zacks Electronics - Semiconductors industry’s decline of 2.2%.Broadcom (AVGO) is making strong efforts in the peripheral component interface express (PCIe) retimers market and has lagged ALAB over the same timeframe. Broadcom shares have lost 1.2%.Astera Lab’s outperformance can be attributed to the increasing demand for AI servers and data center infrastructure. ...

Company Overview - Astera Labs (ALAB) manufactures semiconductors that enhance the speed and efficiency of computer data connections, specializing in chips suitable for artificial intelligence and cloud computing [1] - The company is considered integral to the AI boom, ensuring efficient data flow [1] Partnerships - Astera Labs has established "trusted relationships" with major industry players such as Nvidia, Intel, and Advanced Micro Devices, which are crucial for foundational data infrastructure in the AI sector [2] Earnings Expectations - Zacks Consensus Estimates predict that ALAB's earnings per share (EPS) will increase by 150% in the next quarter and by 56.15% in 2025 [3][7] - The company has a strong EPS surprise history, beating Wall Street estimates by an average of 67.82% over its first three quarters as a public entity [4] Estimate Revisions - Recent estimate revisions indicate bullish sentiment, with seven analysts increasing earnings estimates in the past 30 days [5][8] Stock Performance - Since going public in March, ALAB shares have gained 51.9%, contrasting with a 7.8% decline in the semiconductor peer group [9] - The stock is currently forming an 8-month IPO base structure, which is often associated with robust breakouts [12] Market Position - Astera Labs is positioned as an emerging leader in the artificial intelligence industry, supported by strong partnerships, favorable EPS estimates, and a solid base structure [14]

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Every earnings season has its share of outperformers, companies that report blowout quarters and raise their forecasts. The market reacts quickly sending shares sharply higher. The third quarter of 2024 earnings season is no different. If you want to track the best of the best when it comes to crushing consensus estimates, here are 3 stocks to keep on your radar. Get Hims & Hers Health alerts:Hims & Hers Health: Riding the GLP-1 Supply Shortage  Hims & Hers Health TodayHIMSHims & Hers Health$27.88 +4.48 ( ...

Astera Labs TodayALABAstera Labs$95.91 +26.26 (+37.70%) 52-Week Range$36.22▼$97.35Price Target$92.36Add to WatchlistAstera Labs, Inc. NASDAQ: ALAB is a leading provider of semiconductor-based connectivity solutions for cloud and artificial intelligence (AI) infrastructure, and its share price recently soared over 25% after the company reported strong third-quarter earnings results. While this sudden jump has caught the attention of investors, the question remains: is this a sustainable boom or just a tempor ...

Astera Labs' recent earnings report looks like a game changer.Astera Labs (ALAB 37.70%) stock posted explosive gains in Tuesday's trading. The company's share price closed out the session up 37.7% and had been up as much as 39.8% earlier in the day's trading.After the market closed yesterday, Astera Labs published its third-quarter results. The company posted sales and earnings for the period that came in significantly better than Wall Street had expected, and it also gave encouraging forward guidance.Aster ...

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!Astera Labs, Inc. (NASDAQ: ALAB ) reported strong earnings results on Monday, which made shares soar by more than 30%. While business growth is compelling, I nevertheless ...

alab ALAB reported better-than-expected third-quarter EPS and sales on Monday.Astera Labs reported quarterly earnings of 23 cents per share which beat the analyst consensus estimate of 17 cents per share. The company reported quarterly sales of $113.09 million which beat the analyst consensus estimate of $97.44 million.“Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter,” said Jitendra Mohan, Astera Labs’ Chief Executive O ...

KEY TAKEAWAYSAstera Labs shares are jumping around 30% Tuesday morning, after the Nvidia supplier reported strong third-quarter earnings results on the back of demand for its artificial intelligence (AI) products.The company reported quarterly revenue of $113.1 million, up 47% from the prior quarter and 206% year-over-year, while showing a net loss of $7.6 million, or 5 cents a share.Astera Labs makes chip-based connectivity products to boost the efficiency of AI. Astera Labs (ALAB) shares are jumping aroun ...