Shares of tech, AI and software stocks are trading lower amid a rise in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Tech, AI, and software stocks are trading lower due to an increase in Treasury yields, affecting companies like ADSK, AI, ARM, AVGO, BB, BBAI, CRWD, DOCU, GFS, HUBS, MRVL, OKTA, PANW, PLTR, SNOW, SOUN, and ZS.

April 15, 2024 | 7:36 pm
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NEGATIVE IMPACT
Autodesk's shares are trading lower due to rising Treasury yields, impacting tech sector investments.
As Treasury yields rise, investors often shift away from growth stocks like Autodesk, anticipating higher borrowing costs and potentially slower growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
C3.ai Inc's stock is down amid a broader sell-off in AI and tech stocks, influenced by higher Treasury yields.
C3.ai Inc, being part of the AI and tech sector, is negatively impacted by the rise in Treasury yields as investors reassess the valuation of growth stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Broadcom Inc's shares decline as tech stocks face downward pressure from increasing Treasury yields.
Broadcom Inc, a major player in the tech industry, sees its stock price fall as higher Treasury yields lead to a reevaluation of growth stocks' future earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CrowdStrike Holdings' stock trades lower amidst a general pullback in software and tech stocks, driven by an uptick in Treasury yields.
The increase in Treasury yields prompts investors to move away from high-growth tech stocks like CrowdStrike, affecting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Palantir Technologies experiences a drop in its stock price, in line with the broader tech sector's decline due to higher Treasury yields.
Palantir Technologies, as a part of the tech and AI sector, is adversely affected by the increase in Treasury yields, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Snowflake Inc's shares are trading lower as the tech sector is impacted by the rise in Treasury yields.
Snowflake Inc, being within the tech and software industry, faces a decline in its stock price as investors pivot away from growth stocks due to rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80