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Benzinga
Benzinga
Business
Henry Khederian

So What's Up With AMD And Nvidia Shares Falling Today?

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.

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