Nvidia stock declines amid rising bond yields ahead of its upcoming earnings report, extending a three-day losing streak.
Nvidia (NVDA) shares dropped Tuesday, extending losses for a third consecutive session as rising Treasury yields pressured tech stocks. The AI chipmaker’s decline mirrored broader weakness in the Nasdaq, which fell sharply in early trading.
The stock had recently formed a base and reached an early entry point, but investor caution ahead of earnings weighed on sentiment. Other semiconductor stocks, including Micron and Sandisk, also slid amid the market downturn.
The move reflects broader concerns over higher borrowing costs, which have dampened appetite for growth-oriented sectors like technology.