Jim Cramer admits missing out on Astera Labs, a high-flying AI stock, during “Mad Money” lightning round. Astera is a critical player in AI infrastructure, with $191.9 million revenue, 75.8% gross margin, and non-GAAP EPS of $0.44. Shares surged on earnings beat and raised guidance, drawing attention from top analysts.

Astera specializes in AI data center connectivity, offering high-speed PCIe 6.0/CXL chips and Ethernet solutions, vital for linking powerful AI machines. Its Scorpio switches efficiently connect AI systems, collaborating with industry giants like NVIDIA and AMD. Astera’s focus on data traffic solutions sets it apart in the AI boom.

Astera Labs has seen a remarkable surge in stock price, up 38% YTD and 103% in the past three months alone. Analysts are bullish on Astera, with price targets ranging from $155 to $215. With strong product execution and bullish revisions, Astera solidifies its position as a top AI-connectivity play.

Read more at Yahoo Finance: Jim Cramer stuns with blunt take on soaring AI stock