Forget Nvidia — Should you invest in this new AI chip leader?

Without a doubt, Nvidia (NASDAQ: NVDA) has dominated the artificial intelligence (AI) chip market in 2024, boosting its stock to new highs. However, Astera Labs (NASDAQ: ALAB) has emerged as a formidable competitor, outperforming Nvidia in recent months.Despite optimism surrounding its next-generation Blackwell chips, Nvidia has struggled to maintain its stock price above the $150 mark. The NVDA share price is currently trading at $136.02, reflecting a 23% gain over the past six months but with increased vo ...