Dec. 3 at 1:31 PM
Astera Labs shares rose 7% in Wednesday’s premarket, partially rebounding from Tuesday’s 13.5% drop after analysts defended the company’s position in the NVLink ecosystem. The selloff followed AWS re:Invent announcements highlighting Amazon’s partnership with NVIDIA to integrate NVLink Fusion into Trainium 4 XPU deployments, raising concerns about Astera’s market role.
Stifel analyst Tore Svanberg kept a Buy rating and
$200 target, calling investor worries unfounded and recommending buying on weakness. He said Astera’s NVLink support and deeper role in hyperscaler custom designs should secure strong content opportunities.
Morgan Stanley’s Joseph Moore reiterated an Overweight rating with a
$210 target, arguing Tuesday’s news actually expands Astera’s addressable market. He said the stock drop misread the development, which he sees as clearly positive.
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