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The AI infrastructure trade has broadened well beyond hyperscalers and GPU designers.
Advanced Micro Devices maintains a massive lead in total historical revenue, though Astera Labs currently shows steeper consecutive growth. Astera Labs has consistently delivered unbroken quarter-over-quarter increases over the last eight periods, while AMD has experienced a slightly more fluctuating quarter-over-quarter trend.
AI data center networking demand is surging as AI clusters grow. See why Marvell, Broadcom, Credo and Astera Labs are stocks to watch in August.
ALAB rides on strong Taurus demand as AI infrastructure spending fuels growth, expands its connectivity portfolio and supports upbeat revenue guidance.
Class A shares of the Alger Capital Appreciation Fund outperformed the Russell 1000 Growth Index during the second quarter of 2026. Nebius Group has positioned itself as a leading next-generation cloud provider purpose-built for machine learning and high-performance computing workloads. Netflix's shares detracted from performance during the quarter despite first-quarter results that beat on revenue and held full-year guidance intact.
Investors chasing artificial intelligence exposure in July have piled into the usual suspects: chipmakers, hyperscalers, and the mega-cap software giants.
Wall Street now carries 18 Buy ratings, eight Holds, and no Sells, while management reaffirmed $355-365 million quarterly revenue guidance. PCIe 6 products already contribute more than one-third of revenue, while 36% non-GAAP operating margins demonstrate strong operating leverage. Analysts raised EPS estimates 21 times and revenue estimates 20 times without a single downward revision, supporting 82% 2026 revenue growth expectations.
Chip stocks surged and early Q2 reports crushed expectations, but the bigger question is whether this momentum can hold as the week's heaviest hitters prepare to report.
SEC filings for ALAB aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.