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5-Minute Pitches

Nova: Riding A Trillion‑Dollar Fab Capex Wave

Niche Metrology Leader With Outsized Upside In The WFE Supercycle

Photo by byronetmedia / Unsplash

Elevator Pitch

A massive capital expenditure upcycle is underway in wafer fabrication equipment
Nova is positioned at the highest intensity points of this upcycle
Nova is gaining market share from competitors
NVMI may look undervalued vs peers but is pricey relative to its required growth rate
The charts signal a readiness to resume the uptrend

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