3 Semiconductor Stocks to Watch as Bond Yields Surge
AMDAMD(AMD) Schaeffers Investment Research·2024-10-24 02:56

The 10-year Treasury yield's climb to five-month highs is weighing on chip stocks today. Below, let's dig into how Advanced Micro Devices, Inc. (NASDAQ:AMD), Arm Holdings PLC - ADR (NASDAQ:ARM), and Qualcomm Inc (NASDAQ:QCOM) are reacting to the prospect of higher borrowing costs.AMD was last seen down 2.3% to trade at $150.60, on track for its third loss in the last four sessions. The equity has been trending lower since a rally from earlier this month fell short of the $170 level, and is well off its Marc ...