Astera Labs (ALAB-Q)

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. 

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.