On April 21, RBC Capital analyst Srini Pajjuri raised his price target on Astera Labs (NASDAQ:ALAB) to $250 from $225 while maintaining a Buy rating, citing stronger visibility into the company's growth from the expected boost in Amazon's use of Trainium3 AI chips.
Astera Labs supplies PCIe retimers (connectivity components that extend data transmission over longer distances), smart cable modules, and active electric cable modules to Amazon Web Services (AWS).
On April 20, Amazon announced it is deepening collaboration with Anthropic, with Anthropic committing to spend more than $100 billion over the next ten years on AWS technologies including current and future generations of Trainium and tens of millions of Graviton CPU cores.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
The Motley Fool argues Amazon is the AI company of the two, since AWS was just 21% of first-half 2026 revenue…
Hewlett Packard Enterprise stock is down 5% at $55.87
Vercel data published Thursday shows TypeSafe AI's Jev, a lightweight decision model for choosing among predet…
Chunghwa Telecom president Rong-shy Lin said the shift from conversational AI to autonomous AI agents is resha…
CoreWeave fell 5% in premarket trading Friday and was on track to finish the week down 15%, after rebounding f…
Apple and Meta said they would jointly release a new open-weight AI model designed to run on high-end Macs, ai…
