Astera Labs Surges 48% in a Month: Buy, Hold or Sell the Stock?

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. ...