Astera Labs' shares are poised to soar after Advanced Micro Devices and OpenAI unveiled a multi-billion-dollar AI infrastructure deal on Monday, according to Citi. The investment bank set a Street high $275 price target on Astera Labs, implying almost 25% upside from Monday's close, when the stock ran up up 10%. Citi reiterated a buy recommendation on Astera, whose shares have nearly quadrupled in price in the past six months. Astera Labs is a Silicon Valley-based semiconductor maker that provides hardware and software for AI and cloud infrastructure applications. It will supply critical networking infrastructure for Advanced Micro Device's Helios platform, slated to debut in 2026. ALAB 6M mountain Astera Labs has more than quadrupled in six months Thanks to its relationship with AMD, Aste

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