Astera Labs (ALAB) shares are moving lower after Arista Networks (ANET) published a blog post by its CEO Jayshree Ullal and Chief Development Officer Hugh Holbrook titled, “The Sun Rises on Scale-Up Ethernet.” Arista highlighted the Ethernet for scale-up networking, or ESUN, as a new ecosystem initiative within its “Open Compute Project” to focus on open standards-based solutions for scale-up based on Ethernet, Wells Fargo analyst Aaron Rakers told investors in a research note. “ESUN is designed to support any upper layer transport, including SUE-T (Scale-Up Ethernet; Broadcom-driven); no specific common on UALink,” the analyst added. Astera Labs’ connectivity platform integrates Ethernet and UALink. The stock is down 15%, or $30.65, to $168.88 in early trading.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALAB:
- Astera Labs showcases AI ecosystem momentum at OCP Global Summit
- Private Markets: AI model startup Reflection AI raises $2B
- AI Daily: Nvidia seen firming position as de facto AI infrastructure company
- Apple downgraded, Alibaba upgraded: Wall Street’s top analyst calls
- Astera Labs initiated with a Neutral at BofA