Astera Labs (ALAB)

Provides networking components, one of the areas she's most excited about. Controllers that let you access and share memory, which can address the big memory shortage. Currently, it's a small part of the company; when it starts growing, will lead to significant upside. 

Stock's underpriced. Buy on today's drop. No dividend.

Is up 146% in 6 months. Sell 25% of your holding then let it run.

Are centered on data centers and connectivity, unlike a chip company. That's why he bought this mid-cap.

Trades at 82x earnings, the highest in the entire stock market, though the company is very good.

Trades at a good PE compared to peers, offers strong growth and is well-managed. Shares have fallen to an attractive price.

Quite the ride. There were so many stock options to sell, that stock went below IPO price. Then stock rocketed up, but got caught up in tariffs. Hold on, but you have to respect the price target.

People started paying attention to this, because of the hyperscalers use ALAB to make them more efficient in the cloud. He's sold two-thirds of his holding by now. He has a stop loss at $118-120. Don't buy here, but maybe at $100.

It's actually snapped back. Got all the way to just below its IPO price, now around $51. The story is so solid because all the hyperscalers love it. Very smart and well managed. Not cheap. Still believes it can get back to the $80 level. A lot of the insider trades have already happened.

Still really likes it. Once it went through $38, its IPO level, he got out. Since then, convinced some investors to get back in. Employee options skewed supply/demand on the stock and, hence, its price. Fantastic company, enhances data movement and processing efficiency of hyperscalers.

Not very big at $8B market cap. Main product optimizes data transfer and processing within the cloud. Cornered the market. Hyper-scalers love it. Terrific place to buy. He added last Friday. 12-month price target is $90.

Hasn't moved, but he thinks it will. Makes hyperscalers run faster and more efficiently, and most of them own it. 

There's a halo effect to all recent IPOs, and prices are too high. ALAB is up 91% in six months. Wait for this to come down.

In the semiconductor space, you could probably look a little further down the food chain. Loves this one. Small. Favourite for a lot of the giants. Works inside the cloud to make chips more efficient. Makes the data in data centres run faster on less energy.

IPO'd only 2 months ago at $38. Don't put a lot of money in, just a small position. Can buy here at $72-73, and in the low $60s. Doesn't think it will go much below that. Will be a star performer in the years ahead. In the AI trend on the infrastructure side.

Stock price is too high. Wait for it to fall before buying.