Artisan Small Cap Fund Selects Onto Innovation on Data Center and AI Demand

Artisan Small Cap Fund has added Onto Innovation (ONTO) to its portfolio, driven by data center expansion and rising demand from artificial intelligence (AI). Fund managers anticipate that Onto Innovation's position in the semiconductor equipment sector will benefit from this growth. Onto Innovation is known for its metrology and inspection systems, particularly used in advanced semiconductor manufacturing processes. The expansion of data centers and the proliferation of AI applications are increasing the need for high-performance chips, positively impacting demand for Onto Innovation's products. This move by Artisan Small Cap Fund reflects confidence in the growth potential of the semiconductor sector. By focusing on small-cap companies, the fund aims to capitalize on opportunities presented by niche players in the industry. This is not investment advice.