Shares of Genpact declined as investors questioned how quickly the company can turn its AI investments into significant revenue growth. Meanwhile, energy stocks like Permian Resources dropped due to falling crude oil prices. On the positive side, Ralliant's shares rose after a strong earnings report showing nearly 9% organic revenue growth, driven by its Sensors & Safety Systems and Test & Measurement segments. Analog Devices also posted a strong quarter, benefiting from both the industry's cyclical recovery and growing demand for AI infrastructure and industrial applications. Overall, the Artisan Mid Cap Value Fund underperformed the Russell Midcap® Value Index in Q2, mainly due to stock selection issues.
