Semiconductor Stocks Fall as Bond Selloff Pushes Yields Higher; AMD Slides
Semiconductor stocks drop at the open as a global bond selloff lifts long-term yields, pressuring high-multiple growth and long-duration AI-related valuations. AMD is down about 2% to $460.52, after giving back part of its summer advance. The decline is tied to higher discount rates as markets recalibrate, with traders watching whether AMD holds its near-term trend.