Astera Labs has expanded its collaboration with NVIDIA to enhance the NVLink Fusion ecosystem, focusing on providing high-performance, scale-up connectivity solutions for AI and cloud infrastructure. This partnership aims to support the demands of next-generation AI workloads, which require high bandwidth and low latency connections to efficiently manage large-scale AI models. By integrating NVLink solutions into its Intelligent Connectivity Platform, Astera Labs seeks to offer hyperscalers more options for deploying advanced AI infrastructure that incorporates NVIDIA GPUs and custom accelerators. This development emphasizes the ongoing efforts to optimize connectivity for AI and data center applications, further enabling the deployment of powerful and scalable AI systems.
- Astera Labs (NasdaqGS:ALAB) last closed at $94.46 up 4.6%.
- NVIDIA (NasdaqGS:NVDA) last closed at $134.38 down 0.9%.
Elsewhere in the market, Astera Labs (NasdaqGS:ALAB) was a notable mover up 4.6% and closing at $94.46. This week, the company announced a collaboration with NVIDIA to enhance AI infrastructure connectivity solutions. Meanwhile, Rockchip Electronics (SHSE:603893) lagged, down 7.1% to finish the session at CN¥150.83.
Best AI Chip Stocks
- QUALCOMM (NasdaqGS:QCOM) finished flat at, $153.82. Two days ago, Qualcomm announced and completed multiple fixed-income offerings, raising significant capital with the help of several new co-lead underwriters.
- ASML Holding (ENXTAM:ASML) closed at €660.00 down 0.4%.
- Advanced Micro Devices (NasdaqGS:AMD) finished trading at $113.51 down 1.1%. This week, AMD announced collaborations and product launches at COMPUTEX 2025, expanding its high-performance computing and AI capabilities.
Key Takeaways
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