Astera Labs Unveils New AI-Optimized Fabric Switches, Stock Soars

Astera Labs Stock Jumps After The Bell: What's Happening? - Astera Labs (NASDAQ:ALAB)

The portfolio of fabric switches features the Scorpio P-Series for GPU connectivity and the Scorpio X-Series for back-end GPU clustering. Astera Labs Inc ALAB shares are trading higher in Tuesday's after-hours session after the company announced new fabric switches for AI infrastructure. What Happened: After the market close on Tuesday, Astera Labs introduced a portfolio of switches designed for AI workloads in accelerated computing platforms deployed at cloud-scale. The semiconductor-based connectivity solutions company said its Scorpio Smart Fabric Switch portfolio was optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployment, reduced time-to-market and lower ownership costs. The new portfolio of fabric switches features the Scorpio P-Series for GPU connectivity and the Scorpio X-Series for back-end GPU clustering. The switches will expand Astera's Intelligent Connectivity Platform, allowing it to serve as a smart, customizable connectivity backbone. "Hyperscalers are deploying highly specialized AI platforms at an unprecedented pace, scale, and complexity," said Jitendra Mohan, CEO of Astera Labs. "Scorpio offers energy efficient fabric solutions with predictable, secure, and high-performance data flows and extensive fleet management capabilities for accelerated AI infrastructure deployments at cloud-scale." See Also: Stocks Rally As Oil Prices Tumble; Tech, Chipmakers Lead As Traders Focus On AI Winners Before Earnings Season: What's Driving Markets Tuesday? Astera Labs is a supplier of connectivity solutions for several tech giants. The company noted a comment from Brian Kelleher, senior vice president of GPU Engineering at NVIDIA Corp NVDA, in the release. "AI infrastructure requires the right balance of interconnect performance, efficiency and capabilities to enable accelerated computing for AI workloads at scale. The new Scorpio fabric switch portfolio can support NVIDIA accelerated AI infrastructure deployments across a wide variety of AI and HPC workloads," Kelleher said. ALAB Price Action: Astera Labs shares were up 3.49% in after-hours, trading at $54.81 at the time of publication Tuesday, per Benzinga Pro. Photo: Shutterstock. Market News and Data brought to you by Benzinga APIs

What's Going On With Astera Labs Stock Wednesday? - Astera Labs (NASDAQ:ALAB)

Morgan Stanley analyst Joseph Moore maintains Astera Labs with an Overweight rating and raises the price target from $55 to $74. Shares of semiconductor-based connectivity solutions company Astera Labs Inc ALAB are moving higher Wednesday after the company introduced new fabric switches for AI infrastructure. The stock may also be getting a lift from positive analyst coverage. What To Know: Astera Labs announced a new Scorpio Smart Fabric Switch portfolio designed for AI workloads in accelerated computing platforms deployed at cloud-scale. Astera introduced the Scorpio P-Series for GPU connectivity and the Scorpio X-Series for back-end GPU clustering. The switches have been optimized for AI dataflows to deliver maximum predictable performance, high reliability, simple cloud-scale deployment, reduced time-to-market and lower cost of ownership. "Hyperscalers are deploying highly specialized AI platforms at an unprecedented pace, scale, and complexity," said Jitendra Mohan, CEO of Astera Labs. "Scorpio offers energy efficient fabric solutions with predictable, secure, and high-performance data flows and extensive fleet management capabilities for accelerated AI infrastructure deployments at cloud-scale." Check This Out: Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations 'Radical' As Antitrust Ruling Aims To Limit Its Search Market Monopoly Astera Labs is a supplier of connectivity solutions for multiple big tech companies. Brian Kelleher, senior vice president of GPU Engineering at Nvidia Corp NVDA, commented on Astera's new switch portfolio in the release. "AI infrastructure requires the right balance of interconnect performance, efficiency and capabilities to enable accelerated computing for AI workloads at scale. The new Scorpio fabric switch portfolio can support NVIDIA accelerated AI infrastructure deployments across a wide variety of AI and HPC workloads," Kelleher said. Additionally, Morgan Stanley analyst Joseph Moore maintained Astera Labs with an Overweight rating and raised the price target from $55 to $74. Needham analyst Quinn Bolton reiterated a Buy and maintained a price target of $65. ALAB Price Action: Astera Labs shares were up 14.7% in after-hours, trading at $60.75 at the time of writing, according to Benzinga Pro. Photo: Shutterstock. Market News and Data brought to you by Benzinga APIs