Alger Mid Cap Focus Fund on Astera Labs, Inc.
Thesis
Alger views Astera Labs as a critical connectivity provider for AI and cloud data centers, with products that solve data-movement and signal-integrity bottlenecks between GPUs, CPUs and memory. The fund believes Astera sits at the heart of the AI infrastructure buildout because of expanding relationships with major hyperscale cloud providers and a growing product portfolio. Better-than-expected first-quarter revenue, driven by hyperscalers expanding AI computing capacity, reinforced the thesis.
“We believe the company is positioned at the heart of the AI infrastructure buildout”