ALAB

Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor company founded in 2017 and based in Santa Clara, California. The company went public in March 2024 and has emerged as a key player in the rapidly growing artificial intelligence infrastructure market. Astera Labs designs and manufactures specialized connectivity solutions that enable high-performance computing systems, particularly those used for AI training and inference workloads in cloud data centers. The company has experienced explosive growth, with revenues increasing from $116 million in 2023 to $396 million in 2024, driven by the massive expansion of AI infrastructure investments by hyperscale cloud providers.