On July 30, Astera Labs, Inc. rose 5.01% overnight, trading at 261.36 USD/share, with turnover of 99.85万美元. The rally was driven by news that Korean AI chip company FuriosaAI is collaborating with Supermicro to develop a 16-card AI server tray design that will adopt Astera Labs' high-channel-count switch chips, raising the NIC-to-Switch ratio from 4:1 to 16:1.
Additionally, Samsung, SK Hynix, and Micron have all scaled back or abandoned in-house CXL controller development plans, shifting design leadership toward independent chip designers such as Astera Labs. The broader semiconductor sector also saw a recovery, with Micron Technology up 3.3%, SK Hynix up 3.42%, Advanced Micro Devices up 2.87%, Intel up 2.6%, and NVIDIA up 1.76%, supporting improved risk appetite across AI hardware names.
Notably, Barclays recently raised its price target on Astera Labs from $200 to $325, citing sustained demand growth in high-speed interconnect chips driven by AI compute expansion. The company is scheduled to report next quarter earnings on August 4.
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