Jefferies：ALAB-AI 专用集成电路发展势头强劲，“天蝎座” 产品备受关注

USA | Semiconductors Astera Labs Strong AI ASIC Tailwinds, Scorpio Interest High Strong numbers across the board driven by ongoing ASIC ramps with at least two major hyperscalers (likely AMZN/GOOG) and Blackwell likely to kick-in stronger in 2H25 led by new Scorpio P-Series switch. Scorpio family seeing continued design momentum with X-Series in pre-product and family sales on track to be >10% of sales this year and the largest product line over time. Very strong print with growth tied to combination of ong ...