Shares of several companies in the broader technology sector, including NVIDIA Corporation (NASDAQ:NVDA), 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 1.712% early Wednesday afternoon before dipping to around the 1.702% level. Overall market volatility is persistent again during Wednesday’s session as investors continue to weigh omicron concerns.
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Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm’s chips are used in a variety of end markets, including high-end PCs for gaming, data centers and automotive infotainment systems.
Nvidia has a 52-week high of $346.47 and a 52-week low of $115.66.
