🔴 Nova is trading 4% down today as semiconductor sector sell-off extends

Nova is trading at $433.08 (4% down) in pre-market, extending recent weakness amid a broader sell-off across the semiconductor sector.

• The decline follows concerns regarding TSMC’s aggressive capital spending and the long-term sustainability of AI-related demand.
• Stretched valuations across the semiconductor complex continue to weigh on the SOXX index and major industry peers.