Astera Labs, Inc.

**Signal Note: Driehaus Capital Initiates ALAB Position** Driehaus's $451K entry into Astera Labs signals conviction in the semiconductor/data center thermal management space, where ALAB supplies critical cooling solutions for AI infrastructure amid surging demand from hyperscalers. The position timing aligns with accelerating AI capex cycles and potential near-term catalysts around design wins or guidance raises, likely driving the growth-oriented fund's allocation decision.