Jim Cramer on Astera Labs: “I Cannot Get Behind It at These Prices”

“You know, look, it sells astatine 82 times earnings. I mean, there’s just… it’s the astir highly valued banal successful the full banal market. I cannot get down it astatine these prices, adjacent though I deliberation it’s a precise very bully company.”

Photo by Adam Nowakowski connected Unsplash

Astera Labs, Inc. (NASDAQ:ALAB) develops semiconductor-based connectivity solutions and bundle for unreality and AI infrastructure. The company’s products see intelligent connectivity platforms, astute retimers, cablegram modules, representation controllers, and strategy absorption software. A caller asked for Cramer’s thoughts connected the banal during the August 27 episode, and the Mad Money big replied:

“Here’s my thoughts… I consciousness similar an idiot for telling people, not telling radical to bargain it. I look astatine it each the time. I crook to my colleague, buddy, pal, friend, Jeff Marks, and say, what was I reasoning successful Astera Labs? So I’m upset that I missed it.”

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.