Nova is trading 4.2% up at $410.19 following a disclosure that BlackRock has increased its stake in the company to approximately 6.8%, citing surging demand for AI-driven semiconductors.
- BlackRock has purchased roughly $262 million (NIS 800 million) of shares, signaling strong institutional confidence in the company's strategic position within the AI supply chain.
- The rally is supported by a broader rebound in semiconductor stocks, with Nova recognized as a critical metrology supplier to leading global chipmakers.
- Today's move reflects a wider sector risk-on tone and investor optimism regarding Nova's specific exposure to AI hardware growth.