RBC Capital Increases Price Target for Astera Labs Amid Amazon Trainium3 AI Chip Collaboration
RBC Capital raised its price target for Astera Labs (ALAB) to $250 from $225, citing expected growth from Amazon's use of Trainium3 AI chips. The stock has surged 250.86% over the past year and 12.77% in the last five days due to Amazon's expanded partnership with Anthropic. Amazon announced a $100 billion commitment to AWS technologies over the next decade.
Topics: AI chips Amazon Analyst Upgrade Astera Labs price target stock analysis