Astera Labs, Inc.ALAB
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Record revenue and strong Q3 guidance beat expectations
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Artificial Intelligence▲ · 2 stocks
Astera Labs, Inc.
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Fortinet Fair Value Raised to US$163.13 as Analysts Lift Price Targets
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Fastly Lands Comcast Partnership Embedding Edge Software in 200 AI Data Centers
Fastly has secured a content and application delivery partnership with Comcast that will embed Fastly's edge software into more than 200 AI powered data processing centers across Comcast's nationwide network. The deal adds to a sharp run in Fastly's shares, which have posted a 90 day share price return of 33.3%, a year to date share price return of 134.15%, a 1 year total shareholder return of 176.48% and a 3 year total shareholder return of 28.97%. Fastly's most followed valuation narrative pegs fair value at $27.00, above the last close of $23.86, framing the Comcast AI deal against expectations for higher margin security and compute workloads. On a price to sales basis the stock trades at 5.5x sales, above the 4x fair ratio cited by the model but well below peers at 11.9x and the broader US IT sector at 1.8x. Risks to the upside case include Fastly's reliance on a concentrated group of large customers and pressure from hyperscalers bundling competing edge and security services.
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Nvidia Commits $6.5 Billion to Photonics as AI Optical Market Eyes Ninefold Growth
Nvidia has committed at least $6.5 billion to photonics companies over the three months prior to May 2026, including $500 million to Corning for advanced optical connectivity solutions and $2 billion each to Lumentum, Coherent and Marvell, according to CNBC. The impact has been significant, with Marvell shares gaining 183.4% year to date, while Lumentum, Corning and Coherent have advanced 142.5%, 68.8% and 60.3%, respectively. Goldman Sachs projects the total addressable market for optical networking to grow from roughly $15 billion in 2026 to about $154 billion by 2028, a more than ninefold increase. Adoption of co-packaged optics is expected to accelerate starting in 2027, reaching roughly 20% to 30% penetration by 2028, while Mordor Intelligence estimates the global photonics market will reach $1.46 trillion by the end of 2026. Investors seeking diversified exposure can consider the Roundhill Photonics & Optics ETF LYTE, with $254.2 million in assets under management across 19 holdings; the KraneShares Photonic and Optical ETF LUMA, with $9.76 million in net assets; and the Tema Photonics & Optical ETF LAZR, with $94 million in net assets across 27 companies.