Astera Labs (ALAB)

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.

A coming wave of IPO will lead to investors selling this to buy those.

Is up 136% since IPO'ing on March 20, and it's probably overheated. ALAB is positioning itself as a new way to play the AI theme. The valuation was high right from the start Trye, sales growth was 45% last year, but they had negative earnings and negative operating cash flow last year. Operating income turned positive in Q3 and net income went positive in Q4; keep that eye and they will turn positive later this year. Also, another company could develop a better technology than theirs in a year.