Astera Labs

ALAB

Market cap $26.6B

The Virtus Silvant Mid-Cap Growth Fund returned +5.43% (Class INST) for the quarter, compared to the Russell Midcap Growth Index's return of +2.78%. Palantir Technologies (PLTR) and Roblox (RBLX) were among the top stock contributors. Fair Isaac Corp. (FICO) and Verisk Analytics (VRSK) were among the largest stock detractors.

Astera Labs' rapid revenue growth and expanding AI connectivity portfolio sharpen the debate over whether it offers more upside than Cisco Systems.

During the third quarter of 2025, the largest portfolio sector weightings were Information Technology and Communication Services. Nebius Group N.V., NVIDIA Corporation, and Astera Labs, Inc. were among the top contributors to performance. Netflix, Inc., James Hardie Industries, and GFL Environmental Inc were among the top detractors from performance.

Nvidia isn't the only semiconductor company with compelling revenue-growth prospects — Credo and Astera Labs are also among players expected to put up stellar numbers.

Astera Labs rises on soaring hyperscaler demand as its Connectivity Platform powers next-gen AI data centers, but sustaining this momentum poses key challenges.

BNP Paribas Exane set a bullish price target on Astera Labs stock. Northland upgraded Astera Labs stock earlier this week.

The futures are trading higher after NVIDIA Inc. (NASDAQ: NVDA) blew out its fiscal third-quarter results and offered strong forward guidance, though perhaps not as robust as Wall Street had hoped.

Astera Labs (ALAB) is upgraded to Strong Buy, benefiting from Nvidia's stellar Q3 earnings and AI ecosystem momentum. ALAB's growth is driven by rising GPU sales, expanding adoption of Scorpio switches, and sustained robust demand for PCIe-based retimers. Valuation is attractive, with forward revenue multiples compressed despite upward analyst revisions and strong management guidance for CY25 and CY26.

Astera Labs, Inc. ( ALAB ) Global Technology, Internet, Media & Telecommunications Conference 2025 November 19, 2025 10:00 AM EST Company Participants Nicholas Aberle - VP, Treasurer & Investor Relations Conference Call Participants Srinivas Pajjuri - RBC Capital Markets, Research Division Presentation Srinivas Pajjuri RBC Capital Markets, Research Division Thanks, everyone, for joining. I want to welcome everyone to RBC's TIMT Conference.

The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the third quarter of 2025. NVIDIA Corporation (NVDA), Nebius Group N.V. (NBIS) and Astera Labs, Inc. (ALAB), were among the top contributors to performance. Netflix, Inc. (NFLX), GFL Environmental Inc (GFL), and Twilio, Inc. (TWLO), were among the top detractors from performance.