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

Shares of companies in the broader technology and semiconductor sectors, including Applied Materials, Inc. AMATAdvanced Micro Devices, Inc. AMD and NVIDIA Corporation 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.

See Also: Why Clever Leaves Stock Is Trading Higher And What Investors Need To Know

  • Applied Materials is trading lower by 2.15% at $135.70. Applied Materials has a 52-week high of $167.06 and a 52-week low of $114.39
  • AMD is trading lower by 2.10% at $118.00. AMD has a 52-week high of $164.46 and a 52-week low of $72.50
  • Nvidia is trading lower by 2.06% at $275.69. Nvidia has a 52-week high of $346.47 and a 52-week low of $122.72
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!