U.S. 10-year Treasury yield rose above 5%, pressuring AI valuations as higher discount rates triggered a sell-off in semiconductor stocks. Attention now turns to the Fed meeting, where a 25-basis-point rate hike is widely expected.
published
U.S. 10-year Treasury yield rose above 5%, pressuring AI valuations as higher discount rates triggered a sell-off in semiconductor stocks. Attention now turns to the Fed meeting, where a 25-basis-point rate hike is widely expected.
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