In its first-quarter 2026 investor letter, Artisan Mid Cap Fund highlighted stocks like Astera Labs, Inc. (NASDAQ:ALAB).
Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor-based connectivity solutions provider for cloud and AI infrastructure
On May 8, 2026, Astera Labs, Inc. (NASDAQ:ALAB) closed at $199.79 per share. One-month return of Astera Labs, Inc. (NASDAQ:ALAB) was 19.78%, and its shares gained 148.87% over the past 52 weeks. Astera Labs, Inc. (NASDAQ:ALAB) has a market capitalization of $34.25 billion.
Artisan Mid Cap Fund stated the following regarding Astera Labs, Inc. (NASDAQ:ALAB) in its Q1 2026 investor letter: “Notable trims during the quarter were Coherent, Wingstop and Astera Labs, Inc. (NASDAQ:ALAB). Astera Labs is a fabless provider of connectivity chips designed to address data, network and memory bandwidth bottlenecks in data centers. Its solutions are designed to improve system efficiency and enable communication across heterogeneous computing architectures, positioning the company to potentially benefit from continued AI-driven infrastructure growth.