Nvidia Supplier Astera Labs Jumps Over 15%—Here’s Why

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Key Takeaways Astera Labs shares jumped over 15% Wednesday after the Nvidia supplier announced new products to power artificial intelligence (AI).Astera introduced two new fabric switches that Nvidia ...

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The analysts held a \"buy\" rating for the stock, with a price target of $65, about 6% above Wednesday's closing price of $61.22.\n\n\n Astera Labs shares surged over 15% Wednesday, and have gained about 70% from their IPO price in March.\n\nDo you have a news tip for Investopedia reporters? 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