ALAB vs COHR: AI Stock Comparison

• “A substantial portion of our revenue is driven by a limited number of our end customers, and the loss of, or a significant reduction in, demand from one or a few of our top end customers…” — 10-K risk factor (filed 2026-02-20) · source
• “We rely on our relationships with leaders in the data center and AI infrastructure ecosystem to test and validate our products at a system level and our inability to continue to develop or…” — 10-K risk factor (filed 2026-02-20) · source

• “A significant portion of our business is subject to cyclical market factors and we may fail to accurately estimate the size and growth rate of our markets and our customers’ demands.” — 10-K risk factor (filed 2026-08-14) · source
• “We may encounter increased competition, and we may fail to accurately estimate our competitors’ or our customers’ willingness and capability to backward integrate into our competencies and…” — 10-K risk factor (filed 2026-08-14) · source

Astera Labs' retimers, switches and smart cable modules ship inside AI server racks, so its revenue tracks AI platform deployments closely; its 10-K flags dependence on a few large customers.

Coherent supplies the optical transceivers that connect GPUs and switches in AI clusters, alongside industrial and materials businesses with different cycles.