Professional
Added to YB: 2024-05-10
Pitch date: 2024-03-31
ALAB [bullish]
Astera Labs, Inc.
+315.84%
current return
Author Info
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Company Info
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.
Market Cap
$50.5B
Pitch Price
$72.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
166.82
P/E
143.45
EV/Sales
41.03
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Global Advantage Fund New Portfolio Holding: Astera Labs, Inc.
ALAB: Fabless semi co. focused on data center connectivity bottlenecks. 300+ design wins since 2017 with PCIe retimers, Ethernet cables & CXL memory controllers. Ships with all NVIDIA GPUs. AI growth to expand content/server from retimers offsetting signal loss. Sees rev $200M to $1B by decade end, 40% op margin. Competitive edge from interoperability across many 3rd party devices.
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