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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Applied Materials, AMD And Nvidia Shares?

AMD Applied Materials Nvidia Nasdaq NVIDIA Corporation US Treasury

Shares of companies in the broader technology and semiconductor sectors, including Applied Materials, Inc. (NASDAQ:AMAT), Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA), are all trading lower amid a rise in US Treasury yields.

When interest rates rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock. The 10-year US Treasury yield is hovering around a two-year high at 2.500% Friday morning, which has pressured valuations.

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