Astera Labs Jumps 13% on UALink Upgrade and New Hyperscaler Deals

Overview

• Astera Labs shares, which climbed into the mid-$140s Friday, rose about 13% after a UALink standards update added In-Network Compute.
• UALink links AI accelerators in data centers, and the new In-Network Compute feature lets parts of the network handle tasks to reduce chip-to-chip bottlenecks.
• Two major cloud providers said they will deploy Astera’s Scorpio P-Series in upcoming AI systems, signaling broader large-scale adoption.
• The move builds on a February beat with EPS of $0.58 on $270.6 million in revenue and comes as the stock trades at a premium near a $25 billion valuation.
• Analysts maintain a Moderate Buy view with an average target around $199, even as insiders sold about 577,000 shares worth roughly $69.5 million over the last 90 days.