Tech companies that were once cautious about in-person work are calling employees back to the office. The move poses a challenge to business software stock valuations. Take workplace chat provider Slack and its parent company Salesforce, the cloud software group. Read More...
Motley Fool
Why AMD Is Falling Today
Shares of Advanced Micro Devices (NASDAQ: AMD) were falling today, as much as 5%, before settling into a 4.6% loss as of 12:30 p.m. ET. One can chalk up today’s decline to two things: First, the 10-Year Treasury bond continued its ascent, reaching 2.77% today — that’s up more than an entire percentage point since the beginning of the year. Rapidly rising long-term rates tend to hurt high-multiple growth stocks, and at 38 times earnings, AMD is certainly that.
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