Astera Labs(ALAB.US)搭上亚马逊千亿AI订单快车 但瑞银仅首予“中性”评级:高速增长下竞争压力大

智通财经
Apr 22

智通财经APP获悉,受其主要客户亚马逊(AMZN.US)与Anthropic签署价值1000亿美元的交易协议消息提振,Astera Labs (ALAB.US)股价周二收涨9.2%,报191.97美元。瑞银首次对这家人工智能网络供应商进行评级,给予“中性”评级,目标价为180美元。

瑞银分析师团队(由Natalia Winkler领导)在一份投资者报告中指出:“自2019年推出重定时产品以来,Astera Labs已成功守住亚马逊的市场份额,并采取措施扩大其产品在其他超大规模数据中心的应用,这充分证明了其产品质量和执行力。基于我们自下而上的重定时销量预测以及与专家的交流,我们对Astera Labs 未来2-3年的增长前景持乐观态度,预计其2027年营收将比市场预期高出4%,主要增长动力来自重定时及其可扩展的PCIe/UA Link交换产品组合。”

然而,Astera Labs进军竞争日益激烈的交换机市场,以及其高估值,促使瑞银给予其“中性”评级。Winkler称:“下一阶段——进军PCIe交换机市场(始于2025年第二季度)——带来了显著更高的竞争风险。虽然PCIe交换机市场规模约为重定时市场的四倍,但该市场也存在博通(AVGO.US)和微芯科技(MCHP.US)等实力雄厚的现有企业,占据超过50%的市场份额,此外还有迈威尔科技(MRVL.US)等新晋企业。我们预测,到本十年末,Astera Labs的市场份额将达到约25%(目前不足5%),但需要持续有效地应对竞争。”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10