Astera Labs (ALAB) shares are moving lower after Arista Networks (ANET) published a blog post by its CEO Jayshree Ullal and Chief Development Officer Hugh Holbrook titled, “The Sun Rises on Scale-Up Ethernet.” Arista highlighted the Ethernet for scale-up networking, or ESUN, as a new ecosystem initiative within its “Open Compute Project” to focus on open standards-based solutions for scale-up based on Ethernet, Wells Fargo analyst Aaron Rakers told investors in a research note. “ESUN is designed to support any upper layer transport, including SUE-T (Scale-Up Ethernet; Broadcom-driven); no specific common on UALink,” the analyst added. Astera Labs’ connectivity platform integrates Ethernet and UALink. The stock is down 15%, or $30.65, to $168.88 in early trading.
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