ATI (ATI) Surged on Increased Sales of Aerospace Products

Core Insights - Fidelity Growth Strategies Fund's fourth-quarter 2025 investor letter highlights a diversified equity strategy focused on domestic midcap growth stocks, emphasizing quality companies with steady above-average growth potential [1] Fund Performance - The Fund (Retail Class shares) returned -3.44% in Q4 2025, outperforming the benchmark Russell Midcap® Growth Index, which returned -3.70% [1] - The U.S. stock market experienced a rapid rebound in Q4, driven by strong corporate fundamentals and significant spending on artificial intelligence [1] Company Highlights: ATI Inc. - ATI Inc. (NYSE:ATI) was noted as a leading contributor to the Fund's performance, with its stock gaining 7.51% over the past month and 100.76% over the last 52 weeks, closing at $127.50 per share on February 4, 2026, with a market capitalization of $17.574 billion [2] - ATI primarily operates in the aerospace and defense sectors, which account for about two-thirds of its business, and reported solid revenue growth and improved profitability in Q3, driven by high-margin aerospace product sales [3] - The company projected strong earnings growth for 2025 and Q1 2026 [3] Hedge Fund Interest - ATI Inc. was held by 58 hedge fund portfolios at the end of Q3 2025, an increase from 57 in the previous quarter [4] - The company's 2025 revenue increased by 5% year-over-year, reaching $4.6 billion [4]