Kim Bolton Astera Labs ALAB-Q HOLD Sep 25, 2024

IPO at beginning of March. Priced at $32, opened at $58, shot up into the $80s, dropped into $60s with the general pullback. Still a bargain. Data-centric. Lets software companies connect quickly with the cloud, other software, and other networks. 12-month price target of $86, but can be sure that will be raised as it approaches. No dividend.

Put 3-5% of your portfolio in this, be well rewarded.

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

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.

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.

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

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.

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.

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.

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.