Nvidia Hits Record as Treasury Yields Reach 24-Year High
Nvidia and the Nasdaq are reaching records even as the 10-year Treasury yield climbs to its highest level in 24 years. AI optimism is winning for now, but next week’s earnings season could determine whether profits can justify the rally while long-term rates remain elevated.
Applied Materials Falls on Margins as S&P 500 Hits Record
Applied Materials posted the biggest quarter-to-quarter revenue jump in its history and the stock fell about 5% anyway — the second straight day a beat-and-raise was punished over margins. Today's preview breaks down what that pattern says about the AI trade, and why the S&P 500 still closed at a record.