Astera Labs Stock Jumps After The Bell: What's Happening?

Astera Labs Inc ALAB shares are trading higher in Tuesday’s after-hours session after the company announced new fabric switches for AI infrastructure.

What Happened: After the market close on Tuesday, Astera Labs introduced a portfolio of switches designed for AI workloads in accelerated computing platforms deployed at cloud-scale. 

The semiconductor-based connectivity solutions company said its Scorpio Smart Fabric Switch portfolio was optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployment, reduced time-to-market and lower ownership costs.

The new portfolio of fabric switches features the Scorpio P-Series for GPU connectivity and the Scorpio X-Series for back-end GPU clustering. The switches will expand Astera’s Intelligent Connectivity Platform, allowing it to serve as a smart, customizable connectivity backbone.

“Hyperscalers are deploying highly specialized AI platforms at an unprecedented pace, scale, and complexity,” said Jitendra Mohan, CEO of Astera Labs.

“Scorpio offers energy efficient fabric solutions with predictable, secure, and high-performance data flows and extensive fleet management capabilities for accelerated AI infrastructure deployments at cloud-scale.”

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Astera Labs is a supplier of connectivity solutions for several tech giants. The company noted a comment from Brian Kelleher, senior vice president of GPU Engineering at NVIDIA Corp NVDA, in the release.

“AI infrastructure requires the right balance of interconnect performance, efficiency and capabilities to enable accelerated computing for AI workloads at scale. The new Scorpio fabric switch portfolio can support NVIDIA accelerated AI infrastructure deployments across a wide variety of AI and HPC workloads,” Kelleher said.

ALAB Price Action: Astera Labs shares were up 3.49% in after-hours, trading at $54.81 at the time of publication Tuesday, per Benzinga Pro.

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