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ALAB Jumps 113% in a Month: Here's Why the Stock is Still a Buy

Key Takeaways ALAB shares surged 112.6% in a month, crushing sector and peer performance.Q2 revenues jumped 149.7% to 192M,drivenbyPCIeandEthernetdemand.Q3revenueexpectationof192M, driven by PCIe and Ethernet demand.Q3 revenue expectation of 203M-$210M reflects strong Aries, Taurus and Scorpio sales.Astera Labs (ALAB) shares have jumped 112.6% in the past month, significantly outperforming the broader Zacks Computer and Technology sector’s appreciation of 5.1%. Shares of this semiconductor company have outperformed close peers, including Credo Technology (CRDO) ...