Why Apple, AMD, Microsoft And Nvidia Shares Are Falling Today

Shares of companies in the broader technology sector, including Apple Inc AAPL, Advanced Micro Devices, Inc. AMD, Microsoft Corporation MSFT and NVIDIA Corporation NVDA, are all trading lower amid overall market weakness following the collapse of Russia-Ukraine ceasefire talks.

Shares of companies in the broader tech sector are also trading lower after the 10-year US Treasury yield is hovering around a two-year high, which has pressured valuations. The 10-year Treasury yield hit an intraday high of 2.013% Thursday morning before dipping to around the 2.002% level. When interest rates rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock.

Apple is trading lower by 3.92% at $156.57.

AMD is trading lower by 6.65% at $103.67.

Microsoft is trading lower by 2.56% at $281.11.

Nvidia is trading lower by 4.57% at $219.63.