Nvidia Hits Record as Treasury Yields Reach 24-Year High
October 6, 2026
Nvidia Hits Record as Treasury Yields Reach 24-Year High
Nvidia and the Nasdaq are setting records even as long-term borrowing costs push deeper into territory not seen in more than two decades. Nvidia rose about 2% Monday while the 10-year Treasury yield touched roughly 5.35% — a combination that puts the strength of the AI rally against one of its biggest valuation headwinds. Earnings season next week becomes the next major test.
Watch Today’s Market Breakdown
See why Nvidia is still climbing despite 24-year-high Treasury yields, why that contradiction matters and why earnings season is the next test for the AI rally.
Today’s Market Setup
The market is balancing powerful optimism around AI against long-term interest rates that would normally make high-growth stocks more difficult to justify.
Nvidia Reaches Another Record
Nvidia rose about 2% Monday, lifting its market value to roughly $5.76 trillion. The Nasdaq also closed at a record, showing that AI optimism is still strong enough to support major technology stocks despite pressure coming from the bond market.
10-Year Yield Touches About 5.35%
The 10-year Treasury yield reached about 5.35%, its highest level since 2002. The move came even as traders reduced the odds of an October Federal Reserve hike following Friday’s weak jobs report, keeping long-term rates elevated despite softer near-term Fed expectations.
AI Optimism Is Winning — For Now
Higher long-term yields usually make expensive growth stocks harder to justify because future earnings are discounted at a higher rate. Nvidia’s continued strength shows investors are currently placing more weight on expectations for AI profits than on the pressure from higher yields.
What Matters From Here
Nvidia has overcome the yield pressure so far. Earnings season will test whether the profit story is strong enough to keep doing it.
- Can Nvidia and the broader AI rally continue holding up if long-term Treasury yields remain near 24-year highs?
- Does earnings season deliver the AI profits investors are currently expecting?
- If earnings fail to support the AI narrative, do elevated Treasury yields become a more important constraint on growth-stock valuations?
The Headlines Are Only the First Step
The free Market Preview explains why Nvidia’s record and the surge in Treasury yields matter together. The members-only Daily Market Brief goes deeper into the catalysts, risks and confirmation signals worth monitoring as earnings season tests whether AI optimism can continue overcoming higher long-term rates.
See What Members GetInside Today’s Members-Only Daily Market Brief
- The signals that matter for determining whether AI strength can keep overcoming pressure from elevated long-term Treasury yields.
- What earnings season could reveal about whether expectations for AI profits are being supported by actual business results.
- How the relationship between Nvidia, the Nasdaq and Treasury yields could help clarify whether the current market tension is strengthening or weakening.
- The risks investors should continue monitoring if earnings fail to validate the optimism currently supporting AI valuations.
Go Beyond the Headlines
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Stay Ahead of What Matters Next
AI optimism is winning against higher Treasury yields for now. Earnings season becomes the next major test of whether that strength has enough profit support behind it.
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