Astera Labs

ALAB

Market cap $29.1B

Astera Labs, Inc. (ALAB) Presents at 28th Annual Needham Growth Conference Transcript

Astera Labs gains traction as hyperscalers test UALink for AI scale-up, setting the stage for new revenue starting in 2026.

During the proverbial (and actual) gold rush, the most consistent fortunes are made by those selling the "picks and shovels." While the LLM wars between tech giants continue to dominate the headlines, the real staying power and predictability lie in the AI infrastructure stocks.

SAN JOSE, Calif., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Astera Labs (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced that it will participate in the following upcoming financial conferences during the first quarter 2026: 28th Annual Needham Growth Conference on Jan. 14th in New York.

SANTA CLARA, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced that it will release its financial results for the fourth quarter 2025 after the close of market on Tuesday, Feb. 10, 2026.

Astera Labs is benefiting from rising AI connectivity demand and a broad product lineup, but competitive pressures and valuation concerns remain.

Investing in the artificial intelligence sector remains a great move to make in 2026. Three companies poised to deliver years of growth in the AI market are Nvidia, IBM, and Astera Labs.

Astera Labs receives an initial 'buy' rating, driven by robust growth prospects and strategic positioning across multiple data center connectivity ecosystems. ALAB's flexibility is evident in its participation with UALink, NVLink, and Ethernet, reducing ecosystem dominance risks and broadening its addressable market. Despite a premium P/S multiple, ALAB's high growth rate and strong gross margins justify a valuation above peers, with analyst revenue estimates reaching $1.3B by FY26.

Semiconductor stocks start out 2026 with powerful tailwinds in their corner after vastly outperforming in 2025, but these tailwinds have the potential to turn into headwinds. The semiconductor sector continues to do better than most, although lately gains are driven by fewer stocks with many more lagging behind. Artificial intelligence or AI continues to underpin the semiconductor sector, but there are increasingly undesirable developments to be found.

Astera Labs and Marvell Technology are positioned to benefit from surging memory prices via their advanced memory controller solutions. Astera Labs receives a Strong Buy rating, justified by a 109% projected CY26 revenue jump and a reasonable 24x forward revenue multiple. Marvel is rated Buy, with attractive ~9.5x forward revenue multiple and $2B in expected memory controller revenue over three years.