Why NVIDIA, AMD And Micron Shares Are Falling Today

Shares of companies in the broader technology sector, including NVIDIA Corporation NVDA, Micron Technology, Inc. MU and Advanced Micro Devices, Inc. AMD are trading lower after the 10-year US Treasury yield reached a two-year high, which has pressured valuations.

The 10-year US Treasury yield reached a high of 1.84% on Tuesday at the time of publication. This rise in US Treasury yields has pressured growth sectors.

NVIDIA shares were trading about 3% lower at $261.31 per share at the time of publication.

Micron shares were trading about 3% lower at $94.49 per share.

AMD shares were trading about 2.4% lower at $133.62 per share.