AI Stocks on Fire: Astera Labs and Arista Networks Ready to Take Off

Nvidia was one of the first stocks to soar as demand for artificial intelligence infrastructure exploded after the release of ChatGPT. The company designs graphics processing units essential to accelerating AI training and inference tasks, and the stock is up 1,360% since January 2023.

Micron and Sandisk were part of the second wave. They make memory chips and storage solutions, which are currently the biggest bottleneck in the industry, according to Nvidia CEO Jensen Huang. Micron is up 1,690% since January 2023, and Sandisk is up 3,860% since it was spun off from Western Digital in 2025.

Astera Labs and Arista Networks are two companies that could be the next big winners as AI workloads proliferate and models become more complex. Astera designs specialized semiconductors and software that improve connectivity and data transmission across GPUs, CPUs, memory, and storage.