Astera Q1 Earnings: I'm Buying The Growth Story Despite Two Red Flags

Let me start with dessert. The first red flag that I see is valuation, as ALAB trades at 72x forward earnings, making it the priciest name among its closest peers. The second red flag that I see is the Amazon warrant deal, which I perceive as an intricate customer discount program. That said, I am bullish on the stock and I own a small position.