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

Astera Labs, Inc. (NASDAQ:ALAB) is one of the stocks Jim Cramer recently answered questions about. A caller noted that the stock has been on their watchlist, and mentioned its robust margins and triple-digit revenue growth. In response, Cramer commented:

“You know, look, it sells at 82 times earnings. I mean, there’s just… it’s the most highly valued stock in the entire stock market. I cannot get behind it at these prices, even though I think it’s a very very good company.”

Astera Labs, Inc. (NASDAQ:ALAB) develops semiconductor-based connectivity solutions and software for cloud and AI infrastructure. The company’s products include intelligent connectivity platforms, smart retimers, cable modules, memory controllers, and system management software. A caller asked for Cramer’s thoughts on the stock during the August 27 episode, and the Mad Money host 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.”

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