The stock has fallen 38% from its recent highs, yet the company's addressable market has doubled over the past year.Astera Labs (ALAB 1.65%) has seen its share price soar almost 400% since its initial public offering in 2024. It provides essential components that enable faster processing speeds for artificial intelligence (AI) workloads in data centers. This is a competitive market, but Astera's robust growth and high margins indicate it is benefiting from a competitive edge. Here's why the stock is a buy h ...