Wasatch Global Investors released its second-quarter 2025 investor letter, highlighting U.S. small-cap stock gains despite initial tariff concerns. The Strategy matched the Russell 2000® Growth Index’s 11.97% return. Check the fund’s top five holdings for best picks in 2025. Nova Ltd. (NVMI) designs process control systems and saw a one-month return of -3.40% and a 49.46% gain over 52 weeks, closing at $272.75 per share on August 4, 2025.

Wasatch Small Cap Growth Strategy credited technology companies Fabrinet (FN) and Nova Ltd. (NVMI) for strong performance in Q2 2025. Nova Ltd. (NVMI) designs metrology and process control systems for semiconductor manufacturing, benefiting from AI trend. Nova Ltd. (NVMI) stock not among 30 Most Popular Stocks Among Hedge Funds, but saw record Q1 2025 revenues of $213 million, marking four consecutive quarterly highs with a 10% increase quarter over quarter and 50% increase year over year. Nova Ltd. (NVMI) shows potential as an investment, but certain AI stocks may offer greater upside.

Read more at Yahoo Finance: Enthusiasm Over Artificial Intelligence Boosted Nova Ltd. (NVMI) in Q2