Astera Labs (ALAB) Surges on New BNP Paribas Coverage as Azure CXL Deal Highlights AI Momentum – 20 November 2025
Astera Labs, Inc. (NASDAQ: ALAB), the AI connectivity specialist that went public in 2024, is back in the spotlight today as its stock jumps on fresh analyst coverage, new institutional buying disclosures, and growing excitement around its role in next‑generation cloud and AI infrastructure. TradingView+1 By late trading on Thursday, November 20, 2025, Astera Labs shares were trading around $158–159, after opening at $154.48 versus Wednesday’s close of $142.01, with intraday volume already above 1.8 million shares. MarketBeat+1 The move follows a wave of news that investors are digesting today. BNP Paribas Exane launches coverage with “Outperform” and 50%+ upside