This company may surprise investors with exceptional long-term returns.
Artificial intelligence (AI) has taken the world by storm, and Nvidia has positioned itself as the backbone of this revolution. The company's AI-optimized GPUs are in high demand, and this trend shows no signs of slowing as enterprises and hyperscalers continue to scale their AI infrastructure.
While much investor attention is focused on compute capacity, networking and high-speed connectivity are also equally crucial in global AI buildout. That's where Astera Labs ( ALAB -3.46% ) comes in.
Astera Labs estimated the target addressable market for its cloud and AI connectivity solutions at $17.2 billion in 2024 and expects it to grow to $27.4 billion by 2027. Those 17 billion reasons alone make this netwo