AI chip stocks pull back amid rising Treasury yields and expectations
Micron and other AI chip stocks experienced a pullback due to high expectations, elevated Treasury yields, and concerns about Anthropic's financial progress.
- Micron and other AI chip stocks are pulling back
- Analysts cite elevated Treasury yields and Anthropic financial progress concerns as factors
Sources
- MarketWatch — AI chip stocks were riding high. Here’s why Micron and others are now pulling back.
- Yahoo Finance — Nvidia, AMD, Broadcom, Meta Slide as Bond Yields Surge: Why Tech Stocks Are Getting Hit
- Yahoo Finance — Stock Market Today: Nasdaq Sinks As Treasury Yields Jump; Nvidia, Micron, Sandisk All Tumble (Live Coverage)