Astera Labs’ expansion out of the tray, where they built the company using their Aries PCIe retimers for XPU-CPU-NIC connectivity, and into the rack via their Scorpio switches is their biggest near term growth move. In addition, Astera Labs explicitly pointed out in their last earnings calls that they expect their dollar content per accelerator to go up. The consensus on Astera Labs is that Scorpio is the growth story and that part largely holds as Trainium 3 volumes ramp. If you want to understand the history of Astera Labs from their early foray into retimers, check out our deep dive podcast on Semi-Doped on this. The logical next move for Astera Labs is to move this IP up the stack into rack-scale.