Alger Spectra Fund on Astera Labs, Inc.

Alger views Astera Labs as a central supplier to the AI infrastructure buildout because its connectivity products solve data-movement bottlenecks inside increasingly large server environments. Expanding hyperscaler relationships and a growing portfolio across PCIe, CXL and Ethernet create exposure to a large and expanding market. Better-than-expected revenue driven by hyperscalers expanding AI compute capacity reinforced the thesis.