{
  "id": 16918709,
  "title": "2 AI Stocks Down 48% to 70% to Buy Now and Hold for 10 Years",
  "url": "https://urgent.news/2026/10/28/2-ai-stocks-down-48-to-70-to-buy-now-and-hold-for-10-years",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-28T15:30:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/28/2-ai-stocks-down-48-to-70-buy-hold-10-years/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Recent market anxiety about AI spending has caused significant drops in two key AI stocks, Ciena and Astera Labs. While the Nasdaq Composite remains up about 12% year-to-date, both companies are trading well below their 52-week highs.\n\nCiena (CIEN), a provider of optical networking equipment, projects its addressable market will roughly double by 2029. Despite its stock being down 70% from its recent high, the company has seen strong financial results with revenue rising 37% year over year to $1.7 billion in the latest quarter. Management expects its backlog to surpass $10 billion by year-end. AI data centers require substantial data transfer, creating high-growth opportunities in the data center market. Ciena's market share in photonics, the technology behind light signals in fiber networks, has grown from 45% to 70%.\n\nAstera Labs (ALAB), a leader in AI connectivity chips, has also experienced a 48% drop from its recent high. The company's newest line of chips, designed to direct traffic between AI processors, is expected to become its largest product family in the third quarter, ahead of schedule. Revenue more than doubled in the second quarter, reaching $392 million, with management forecasting $540 million to $560 million in revenue for the next quarter, a 40% increase over the previous quarter. Astera's high margins and the potential for multi-thousand-dollar revenue per processor further enhance its growth prospects. Despite competition from larger networking suppliers like Broadcom, Astera's specialized AI connectivity solutions position it as a key supplier for data centers, promising sustained growth over the next decade.",
  "summary": "Two companies that help AI data centers move data are on sale.",
  "key_points": [
    "Ciena and Astera Labs stocks down 48% to 70% due to AI market anxiety",
    "Ciena projects double addressable market by 2029, revenue up 37% YoY",
    "Astera Labs revenue doubled in Q2, forecast $540M-$560M next quarter"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}