🚨 STOCKS | The Biggest Risk to AI Stocks Today May Not Be AI — It’s the Bond Market

A major macro pressure is building underneath the stock market.

Long-term U.S. Treasury yields have climbed to around two-decade highs, while the global bond selloff spread into Asian markets on September 25.

And that matters directly for the most expensive part of the stock market:

AI and mega-cap tech.

Higher long-term yields increase the discount rate investors apply to future earnings.

In simple terms:

Higher yields → more expensive capital → harder-to-justify valuations.

That’s especially important for stocks where investors are already pricing in years of aggressive AI growth.

The names to watch when Wall Street opens:

$NVDA • $META • $MSFT • $AMZN • $GOOGL • $AMD • $AVGO

There is another pressure point.

The U.S. dollar is heading toward roughly a 1% weekly gain as markets increasingly price the possibility of further Federal Reserve tightening.

So today’s setup isn’t simply:

“Is AI demand still strong?”

It’s becoming:

“How much are investors willing to pay for AI growth when long-term yields keep rising?”

Important timing note:

Thursday’s U.S. session is already over.

The Treasury move during the September 25 Asian/overnight session is the fresh development to watch heading into today’s Wall Street trading.

👀 Watch U.S. yields at the open.

If yields continue climbing, high-valuation AI stocks could face another valuation test.

#Stocks #NVDA #META #MSFT #AI