Nvidia, Micron and SanDisk Lead Chip Sell-Off as Yields Rise
Nvidia shares fell about 2% Thursday morning as chipmakers sold off. The report links the pressure to rising yields and investor concerns about AI-related funding risks.
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Treasury yields rise as stocks trim midday losses
U.S. stocks reduced losses at midday, but higher Treasury yields continued to weigh on rate-sensitive groups. The 10-year note yield was up five basis points at 5.32% after reaching 5.36% earlier.