Astera Labs Surges 10% on AI Infrastructure Boom

Astera Labs shares jumped over 10% to around $142.62 on Friday, driven by surging investor enthusiasm for AI infrastructure plays. The Santa Clara firm, which makes high-speed connectivity chips for rack-scale AI systems, posted record 2025 revenue of $852.5 million, up 115% year-over-year. The rally followed Nvidia's GTC 2026 conference and growing adoption of Astera's Scorpio switches by major hyperscalers. Analysts project 2026 revenue could reach $1.51 billion, with the company's addressable market potentially hitting tens of billions as AI data center demand accelerates.