Astera Labs ALAB Rises 0.31% on $860M Volume Ranked 90th in Daily Trading as Zacks #1 Strong Buy in AI-Driven Connectivity

Astera Labs (ALAB) rose 0.31% on August 18, with a trading volume of $0.86 billion, ranking 90th among stocks in the day’s activity. The stock, a Zacks Rank #1 (Strong Buy), leads in software-defined connectivity solutions for AI infrastructure, driven by partnerships like Nvidia’s NVLink Fusion integration, enhancing GPU clustering for next-gen AI models.

Positioned in the top 30% of Zacks’ 250+ industries, the Internet-Software sector has outperformed the market year-to-date. Astera’s earnings growth has consistently exceeded estimates, with a 32.2% average surprise over four quarters. Recent Q3 guidance raised by 14.71%, reflecting robust demand for its AI-driven connectivity platforms. Analysts highlight the stock’s technical strength, including higher highs and support at key moving averages.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but also reflected market volatility and potential timing risks.