#astera Tech News.
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The latest astera news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks astera across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Astera Labs stock surged 76.1% in May, reaching $315.48 after reporting 93.5% revenue growth to $308.4 million and 84.8% adjusted earnings growth to $0.61. The company guided to $360 million in quarterly revenue, reflecting 26% quarter-over-quarter growth. CEO Jitendra Mohan highlighted the Scorpio X fabric switch as expected to become Astera's top-selling product by year-end. Evercore ISI raised its price target from $215 to $297, citing positive channel checks.
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