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Marvell Technology And Astera Labs: Quiet Winners From Surging Memory Prices [Seeking Alpha]

Astera Labs, Inc. (ALAB) 
Company Research Source: Seeking Alpha
Astera Labs receives a Strong Buy rating, justified by a 109% projected CY26 revenue jump and a reasonable 24x forward revenue multiple. Marvel is rated Buy, with attractive ~9.5x forward revenue multiple and $2B in expected memory controller revenue over three years. Markets underappreciate the forward revenue impact from memory controllers, with both companies securing major client wins and ramping deployments in CY26. Antiv3D/iStock via Getty Images Investment Thesis Surging memory prices are upending the procurement costs for every single AI player that manufactures GPUs or deploys them in data centers. Spot prices for DRAM, an essential component in high bandwidth memory that is placed on GPU dies, have This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of ALAB,MRVL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compe Show less Read more
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