ALAB Pullback? Time to Add or Exit?

Astera Labs rose to $95 but then pulled back with the broader market. ---------------- Is a good time to add or exit? Backed up with big guys, will the chip company repeat trend of ARM? What's your target price for Astera Labs?

avatarTiger_comments
2024-03-21

Can Reddit Surprise Investors Like Astera Did on the Debut?

$Astera Labs, Inc.(ALAB)$ , AI concept company, surged 72% and closed at $62.03 during its trading debut.The company aims to enhance chip efficiency by integrating with other data center components and has secured deals with major AI chipmakers like $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$. With an IPO price of $36, Astera's price-sales ratio stands at approximately 47 times.How will another AI concept stock $Reddit(RDDT)$ perform today?Reddit prices its initial public offering at $34 and will start trading tonight. Reddit warned in its prospectus that trading in its shares could be particularly volatile.Wall
Can Reddit Surprise Investors Like Astera Did on the Debut?
avatarEvelynHoover
2024-03-21
$Astera Labs, Inc.(ALAB)$ Who doesn’t love a new IPO with small float in a bull market. See if it follows what ARM did, big run, sell off after a month then boom.💥 Amazon is set to benefit from the buzzy IPO after signing warrant agreements that allow it to buy about 2.3 million shares of Astera.
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