Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Stunning Double-Digit Gains.
Astera Labs surged by 31.9 percent week-on-week, as investors snapped up its shares after earning upbeat ratings and price targets from market analysts.
In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer advised a caller to “hold” shares in Astera Labs Inc. (NASDAQ:ALAB).
Photo from Astera Labs
“We have nothing to worry about. You’re playing with the house’s money. You can never lose money. You can make a lot of money. I say you hold on,” Cramer said.
“I say you stand pat with what’s left. That’s what we’re trying to do with the club. It’s so hard, but we take out our money, we win,” he noted.
For its part, Evercore ISI issued an outperform rating for its stock, alongside a $297 price target.
In other news, Astera Labs Inc. (NASDAQ:ALAB) is set to participate in the 54th Annual Technology, Media & Telecom Conference by TD Cowen in New York on May 27, as well as the 2026 Evercore Global TMT Conference in San Francisco on June 3. Investors are expected to watch for its outlook and updates about its business.
The company earlier this month unveiled a new memory-semantic fabric switch called the Scorpio X-Series 320 Lane, designed to improve token economics and support large-scale clusters with minimal latency.
According to Astera Labs Inc. (NASDAQ:ALAB), Scorpio’s software-defined architecture is designed to integrate seamlessly with leading merchant and custom silicon, enabling AI labs and hyperscalers to integrate and deploy new accelerator platforms for both training and inference.
While we acknowledge the potential of ALAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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