Nvidia Vs Micron: Among The Best-Positioned AI Plays as Treasury Yields Spook The Market

NVIDIA and Micron posted blowout earnings even as the market was rattled by a sharp rise in the 10-year Treasury yield to 4.65%, with stocks trading around the 92.8th percentile versus the past year. The results suggest resilient semiconductor demand and solid fundamentals despite higher-rate headwinds.

Analysis

NVIDIA and Micron posted blowout earnings even as the market was rattled by a sharp rise in the 10-year Treasury yield to 4.65%, with stocks trading around the 92.8th percentile versus the past year. The results suggest resilient semiconductor demand and solid fundamentals despite higher-rate headwinds.