BlackRock Science and Technology Term Trust on Tower Semiconductors
Thesis
Tower Semiconductors represented 3.0% of net assets and was among BSTZ's ten largest positions. BlackRock believes advanced semiconductors remain foundational to the expanding AI ecosystem while AI markets shift from experimentation toward accelerated deployment. The fund is selectively increasing exposure to enabling technologies where competitive advantages and AI-related growth may not yet be fully reflected in valuations.
“advanced semiconductors, compute, and model innovation remain foundational”
Key risks
- General changes in market sentiment toward science and technology companies
- Science and technology companies may underperform the broader market