
Shares of several companies in the semiconductor sector, including Advanced Micro Devices, Inc. (NASDAQ:AMD), NVIDIA Corporation (NASDAQ:NVDA) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM), are all trading lower amid a rise in U.S. Treasury yields as investors continue to weigh the Federal Reserve's rate hike outlook. A more aggressive rate hike approach to curb inflation could weigh on growth stocks.
Some analysts have also recently expressed concerns of slowing end markets, including PCs.