Buy on Pullback: Astera Labs Looks Ready for a Mid-Term Rebound
Astera Labs (ALAB) has pulled back from last year’s highs into a more constructive setup. Strong AI-driven demand for high-speed networking, expanding product roadmap for Scorpio X-Series switches, solid cash and FCF generation, and bullish technicals create a favorable risk/reward for a mid-term trade. Valuation is rich, but the company’s fundamen…