Jim Cramer on Astera Labs: "I'm Upset That I Missed It"

Astera Labs, Inc. (NASDAQ:ALAB) is one of the stocks Jim Cramer was focused on. A caller asked for Cramer’s view on the stock, noting its $30 billion valuation, strong three-year performance, and that 12 out of 15 analysts rate the stock as a Buy or Strong Buy due to its role in semiconductor connectivity for AI and cloud computing. He replied:

“Here’s my thoughts… I feel like an idiot for telling people, not telling people to buy it. I look at it all the time. I turn to my colleague, buddy, pal, friend, Jeff Marks, and say, what was I thinking in Astera Labs? So I’m upset that I missed it.”

Astera Labs, Inc. (NASDAQ:ALAB) develops semiconductor-based connectivity solutions and software for cloud and AI infrastructure. The company provides intelligent platforms, smart modules, memory controllers, and fabric switches for hyperscalers and OEMs. During the August 12 episode, Cramer said that the company’s stock is “too hot” for him. He remarked:

“It’s too hot for me. It’s too hot for me…. I’ve gotta tell you, everything that you’re worried about, I’m worried about. I know it’s a straight-up stock. I’m willing to back Palantir as a straight-up stock. I can’t have two, more than one of these right now.”

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Disclosure: None. This article is originally published at Insider Monkey.