Schwab Network on $ALAB (Nov 9, 2026)

Your next name here is "Astera Labs", which is also moving very high today. We are up by approximately 14%. So, tell us about your vision for "Astera".

I mean that "Astera" is the clearest way to take advantage of the fact that AI systems are becoming more and more a collection of chips that need to communicate with each other at extremely high speeds, given the possibility of adding more accelerators, memory, and processors.

The connection between these devices becomes the limiting factor to how useful the computing power the system can actually produce. That's why they delivered an amazing earnings report last week, growing 49% quarter-on-quarter and more than 150% year-on-year.

Their latest product, "Scorpio X," has surpassed the $1 billion mark in annual recurring revenue. The part that interests me most is what management talks about in the conference call.

They stated that the content for each accelerator is now worth more than $1,000, and can nearly double with each generation. This is huge, because what happened last week with Nvidia doesn't matter if Nvidia and its accelerators weren't the reason for the Astera boom, thanks to AMD and Google's custom chips.

So, Astera can continue to increase revenue regardless of the performance of the accelerators, because it adds more connectivity content in each generation against a larger and more sophisticated architecture.

Think of it like a house; the more sockets you add to the house with each renovation, the more Astera's profits increase. I think they were punished for being part of the AI trading business, but in reality , it doesn't matter if the data centers in Texas grew for them or if Jensen is no longer CEO of Nvidia, they will continue to do their work successfully.

Yes, you can also see that they are really stuck in AI trading. As I was looking at some numbers, I found the picture very similar to what we just talked about regarding Digital Ocean.

The stock has risen 30% since the beginning of the year, but it has really been affected over the past month. They have fallen by 36% even with this strong post-earnings rally.

As I look at the chart, yes, the channel lines are a little wider here, Rick, but it's a very similar setup .

A similar image, as you say. This is an interesting thing I've noticed in all our charts, which is that we have this general slide downwards. Here in this case, we start at 499.48.

We can connect the subsequent peak point here. Then we also have a similar boundary line that extends across the lower levels. Meanwhile, once again, we have a sharper and clearer trend line here in blue pointing downwards, and we are not really close to breaking through it yet, but the price has retreated to a previous support zone.

A gap level here, then another small gap, and then a subsequent lower level is roughly where we reached the bottom near the 180 level here . So, if we continue moving downwards, 136, which is an old peak here, and around where we recorded a bottom after the gap, stand out as an area of potential interest.

We also have our 52-week low at 97.89 here. Meanwhile, to the upside, our close from this low point here after our pullback from those peaks is in line with a few more support levels near 250.

Also, a small gap here at 278, and a relative peak at 302. Then, when we think of the moving averages here, we are crossing over our short-term 5-day exponential moving average in dark blue.

This average is currently at 213.11. We can see that our 251-day exponential moving average is very close to our 21-day average, so the annual and monthly averages are close to each other, and they are also very close to the trend line, our blue trend line .

Therefore, this gives us a point of convergence to monitor for a potential breakout above that level. The Relative Strength Index (RSI), just like our last chart , is no longer in the oversold zone.

However, we are still below the downward-sloping red trend line . So, once again, we would have a similar view here if you had a bullish thesis, which is a breakout of this downtrend line on the Relative Strength Index while the price is also making its own breakout.

The size profile is slightly different here. We have this heavily traded area which contains our control point near 170. We have kind of bounced off that point. We are in an area with weak trading at the moment here .

There isn't much volume to work with, but once we start to get to around 285, things start to pick up dramatically again. Things get thin (weak trading) again above 366.

Okay. Currently, we are trading at 217.24, up nearly 14%.