Astera Labs (ALAB) Stock May Be 12% Undervalued On Cash Flow

Astera Labs has rallied 55.9% over the past year, even after a sharp pullback in recent weeks, which puts a spotlight on a simple question for investors who care about cash generation. Do the cash flows that underpin Astera Labs today support this kind of share price and the expectations now baked into it? A 55.9% gain over 1 year raises the stakes on whether the current valuation is anchored in cash flows or mostly in optimism about future AI infrastructure demand. Recent product launches...