Benzinga

Why AMD Shares Are Falling

Shares of large technology companies, including Advanced Micro Devices, Inc. (NASDAQ: AMD), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.567% Tuesday morning before dipping to around the 1.544% level. The spike in the 10-year note this week comes after the Federal Reserve last week spoke on winding down its ongoing asset purchasing program. AMD designs microprocessors for the computer and consumer

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