Stifel analyst Tore Svanberg keeps a Buy rating and $200 price target on Astera Labs (ALAB), saying today’s negative stock price reaction to the announced partnership between Amazon (AMZN) and Nvidia (NVDA) coming out of AWS re:Invent on fears that Astera’s switch opportunity could be crimped in an NVLink environment was “misplaced”. The firm contends that the content opportunity remains robust for Astera Labs across NVLink, with the company also having announced today that it’s building on initial support for Nvidia’s NVLink ecosystem by now actively collaborating with hyperscalers to support NVLink connectivity in their complex heterogeneous deployments across XPUs and GPUs.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 NVDA:
- ‘History Suggests a Crash Ahead,’ Says Investor About Nvidia Stock
- Should You Buy Synopsys Stock (SNPS) After Nvidia’s Investment?
- Analysts See Solid Upside in AMD Stock Despite Ongoing Concerns
- Google’s (GOOGL) Gemini 3 Praise Prompts Solid Price Target Boost from HSBC
- AI Daily: OpenAI takes stake in Thrive as part of partnership