Astera Labs rises as Citi starts with Buy rating

by
Contributor since / Followers

1 month ago

Astera Labs (NASDAQ:ALAB) was in focus on Monday as Citi initiated coverage on the semiconductor company with a Buy rating and $120 price target.
Shares rose 3.5% in premarket trading.
Noting the company’s retimers are in more than 80% of artificial intelligence servers

Tags: NVDA