Stifel Reaffirms Buy on Astera Labs (ALAB), Says Nvidia/AWS Concerns Are Overblown

Astera Labs, Inc. (NASDAQ:ALAB) is one of the AI Stocks Analysts are Tracking Closely. On December 3, Stifel analyst Tore Svanberg maintained a Buy rating on the stock with a $200 price target. The rating affirmation follows ALAB’s stock plunge post AWS/NVDA announcement to integrate NVLink Fusion into its Trainium 4 XPU deployments. The announcement sparked investor concerns regarding ALAB’s position in the NVLink ecosystem, particularly the switch opportunity risk in NVLink deployments. However, the firm ...