🔴 Advanced Micro Devices is trading 5.62% down today as rising Treasury yields pressure high-valuation technology stocks

Advanced Micro Devices is trading 5.62% down now at ARS 76025.00 as rising Treasury yields, higher oil prices, and worsening U.S.-Iran tensions pressure high-valuation technology stocks.

• Reuters reported chip-related companies, including Advanced Micro Devices, declined as elevated bond yields reduced the appeal of future technology profits.
• SOXX is down 2.78%; the S&P 500 and Nasdaq are also lower.
• The August 17 debt offering was previously received positively and does not explain today’s decline.