Dell, ON Semiconductor and Astera Labs emerge as under-the-radar AI stock picks
Updated
Updated · The Motley Fool · May 10
Dell, ON Semiconductor and Astera Labs emerge as under-the-radar AI stock picks
4 articles · Updated · The Motley Fool · May 10
Dell posted record fiscal revenue of $113.5bn, Astera's latest quarterly revenue rose 93% year on year to $308.4m, and ON is expanding partnerships with Nvidia, Geely, Nio and Sineng.
The case for Dell centres on AI servers and its AI Factory platform, while ON supplies sensors and power systems for automation and data centres, and Astera provides interconnect hardware for hyperscalers.
The picks are framed as alternatives to crowded names such as Nvidia and Palantir, with Astera benefiting from expected 13.4% annual growth in the data-centre infrastructure market through 2034.
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