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-0.000718390804597864 -0.00143678160919552 0.00215517241379298 0.00287356321839064 -0.012212643678161 0.0129310344827585 0.00933908045976999 0.0186781609195402
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Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024 [Yahoo! Finance]

Astera Labs, Inc. (ALAB) 
Company Research Source: Yahoo! Finance
Sampling third generation Aries Smart DSP Retimers for PCIe 6.x connectivity to leading AI platform providers to support next-generation cloud infrastructure SANTA CLARA, Calif., May 07, 2024 BUSINESS WIRE )--Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal 2024, ended March 31, 2024. "Astera Labs started the year strong, achieving record revenue in the first quarter, driven by the accelerating deployment of AI infrastructure," said Jitendra Mohan, Astera Labs' Chief Executive Officer. "As hyperscalers embark on a significant transformation of their data centers to support AI applications with increased capital investment, we're witnessing the emergence of a multi-year growth cycle. Our Intelligent Connectivity Platform, comprising of the COSMOS software suite and semiconductor-based PCIe, Ethernet, and CXL solutions, is uniquely Show less Read more
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