Fred Alger Management released its third-quarter 2025 investor letter, highlighting market outlook and top-performing stocks. The market saw an 8.12% increase in the S&P 500 Index due to improved economic conditions and strong corporate earnings. The fund’s Class A shares outperformed the Russell Midcap Growth Index in the quarter.

Astera Labs, Inc. (NASDAQ: ALAB) was featured in Alger Mid Cap Growth Fund’s letter. The company manufactures semiconductor-based connectivity solutions for cloud and AI infrastructure. Despite a one-month return of -3.52%, shares have appreciated by 78.31% over the past 52 weeks, closing at $157.79 per share on November 12, 2025.

Astera Labs, Inc. (NASDAQ: ALAB) was commended in the third-quarter 2025 investor letter for its semiconductor solutions that enhance data movement in large-scale computing systems. The company’s technologies are crucial for AI computing and cloud services, with positive contributions to performance expected in the future.

Astera Labs, Inc. (NASDAQ: ALAB) is not among the 30 most popular stocks among hedge funds, with 56 hedge fund portfolios holding the company at the end of the second quarter. In Q3 2025, Astera Labs reported revenue of $230.6 million, up 20% from the prior quarter and 104% from Q3 2024. While there is potential for investment, certain AI stocks may offer greater upside potential.

In another article, Columbia Global Technology Growth Fund shared its views on Astera Labs, Inc. (NASDAQ: ALAB). For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q3 2025 page. Explore insights on the best and worst Dow stocks for the next 12 months and 10 unstoppable stocks that could double your money.

Read more at Yahoo Finance: Better-Than-Expected Results and Increased Guidance Lifted Astera Labs (ALAB) in Q3