On June 2, Nova Ltd rose 7.61% in regular trading, trading at $516.39/share, with trading volume of $79.49 million. The semiconductor equipment sector rallied broadly as industry leaders signaled unprecedented growth driven by artificial intelligence demand.

On the news front, Applied Materials CEO Gary Dickerson stated that AI is generating astonishing computing power demand, declaring the industry is experiencing its best era in history. Applied Materials projected its semiconductor equipment business will grow over 30% in the current fiscal year, with packaging business revenue surging over 50%, far exceeding market expectations. Dickerson emphasized that the industry inflection point will persist for a very long time, with customer discussions already focused on demand through 2027 and 2028, effectively breaking the traditional boom-and-bust cycle.

The broader semiconductor equipment sector moved in tandem, with Applied Materials up 5.47%, Lam Research up 4.68%, KLA-Tencor up 4.49%, and ASML up 4.24%. Nova Ltd, as a semiconductor process control metrology equipment supplier, benefited from the improved industry outlook and rising sector sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)