Morgan Stanley analyst Joseph Moore keeps an Overweight rating and $210 price target on Astera Labs (ALAB), saying that while Trainium 3 opportunity has been clear, Amazon’s (AMZN) ReInvent highlights that Trainium 4 will use both UALink and NV Link Fusion, and both of these are opportunities for Astera. Amazon’s use of NVLink Fusion caused a tailspin in Astera Labs stock, but it is actually incremental, and the company is likely to have significant potential content for both UALink and NVLink Fusion, the analyst tells investors in a research note.
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