Here’s Artisan Small Cap Fund’s Update on Astera Labs (ALAB)

In its third-quarter 2025 capitalist letter, Artisan Small Cap Fund highlighted stocks specified arsenic Astera Labs, Inc. (NASDAQ:ALAB). Astera Labs, Inc. (NASDAQ:ALAB) engages successful the manufacturing of semiconductor-based connectivity solutions for unreality and AI infrastructure. The one-month instrumentality of Astera Labs, Inc. (NASDAQ:ALAB) was -10.23%, and its shares person appreciated by 48.55% implicit the past 52 weeks. On November 17, 2025, Astera Labs, Inc. (NASDAQ:ALAB) banal closed astatine $141.39 per share, with a marketplace capitalization of $23.881 billion.

Artisan Small Cap Fund stated the pursuing regarding Astera Labs, Inc. (NASDAQ:ALAB) successful its 3rd 4th 2025 capitalist letter:

"We ended our concern campaigns successful Inspire Medical Systems, Astera Labs, Inc. (NASDAQ:ALAB) and Clearwater Analytics during the quarter. Astera Labs is simply a fabless supplier of connectivity chips designed to code data, web and representation bandwidth bottlenecks successful information centers. The institution reported beardown quarterly results and issued robust guidance, driven by rising request for its AI-optimized products and sustained spot successful information halfway spending. These results helped easiness capitalist concerns astir imaginable marketplace stock losses and bid delays from a large customer. We stay assured successful our concern thesis and judge Astera volition proceed to payment from the enlargement of information centers—driven by some unreality migration and expanding AI-related compute intensity. However, we exited our presumption during the 4th arsenic its marketplace capitalization exceeded the limits of our small-cap mandate. It’s uncommon for america to initiate a GardenSM presumption and merchantability a CropSM holding successful little than six months, but that’s what happened successful this case."

Astera Labs, Inc. (NASDAQ:ALAB) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 56 hedge money portfolios held Astera Labs, Inc. (NASDAQ:ALAB) astatine the extremity of the 2nd quarter, up from 45 successful the erstwhile quarter. In Q3 2025, Astera Labs, Inc. (NASDAQ:ALAB) reported revenue of $230.6 cardinal was up 20% from the anterior 4th and up 104% versus Q3 2024. While we admit the imaginable of Astera Labs, Inc. (NASDAQ:ALAB) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.