The market is taking a defensive stance ahead of big tech earnings announcements. Reports indicate that a sharp decline in semiconductor stocks and rising government bond yields have emerged as sources of pressure on AI-related stocks.
The market is taking a defensive stance ahead of big tech earnings announcements. A sharp decline in the semiconductor sector and rising government bond yields have been cited as factors restraining the stock market.
So-called neocloud stocks have extended their declines against the backdrop of persistently high corporate bond yields. The surge in yields on bonds maturing in 2032 and 2031 from the 9% range to nearly 15% has been cited as a factor weighing on share prices.