
NVIDIA Corporation (NASDAQ:NVDA) shares are trading lower after Baird downgraded the stock from Outperform to Neutral and lowered its price target from $360 to $225.
Shares of companies in the broader technology and semiconductor sectors, including Advanced Micro Devices, Inc. (NASDAQ:AMD), are also trading lower amid a rise in US Treasury yields and in sympathy with the overall market in anticipation of expected Fed rate hikes this year as the Fed seeks to curb inflation.