Data centers now account for 15-20% of total semiconductor demand. Listen to Associate Portfolio Manager, Aashish Rao, explain why he believes the artificial intelligence revolution will drive continued growth.

This material represents the views and opinions of Aashish Rao, Artisan Partners Growth Team associate portfolio manager, as of 10 May 2023, which are based on current market conditions, will fluctuate, and are subject to change without notice. While the information contained herein is believed to be reliable, there is no guarantee to the accuracy or completeness of any statement in the discussion. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

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This discussion is not intended to be a recommendation of any individual security. The holdings mentioned comprised the following percentages of a representative account within the Artisan Global Opportunities and Artisan Global Discovery Composites’ total net assets as of 30 Sep 2023: Artisan Global Opportunities Strategy: Advanced Micro Devices Inc (AMD) 4.6%; Artisan Global Discovery Strategy: Advanced Micro Devices Inc (AMD) 2.4%. Securities mentioned, but not listed here are not held in the portfolio as of the date of this report.

This material is provided for informational purposes without regard to your particular investment needs and shall not be construed as investment or tax advice on which you may rely for your investment decisions. Investors should consult their financial and tax adviser before making investments in order to determine the appropriateness of any investment product discussed herein.