Should Astera Labs Investors Worry About DeepSeek?

Quick Summary:

Astera Labs Inc (NASDAQ:ALAB) shares recovered in early trading on Tuesday, after having tanked in the previous session amid a broader downturn in AI stocks.

The tech majors are unlikely to shelve their capital expenditure plans following the launch of China’s open-source AI model DeepSeek, according to Northland Capital Markets.

The Astera Labs Analyst: Analyst Gus Richard upgraded the rating from Market Perform to Outperform, with a price target of $120.The ...

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Author / Journalist: Priya Nigam

Category: Technology

Markets: United StatesChina

Topics: ALAB Trading Ideas Expert Idea US38259P5089 US0231351067 Long Ideas Analyst Ratings GOOG META AMZN US5949181045 Benzinga GOOGL Movers Northland Capital markets US38259P7069 Artificial intelligence DeepSeek Tech Analyst Color Stories That Matter AI Upgrades MSFT Gus Richard

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 17:16:15 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25585905

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