Nasdaq hits record high as tech stocks rise despite Treasury yields

Impact · against what's priced in

The current rally is largely a confirmation of AI-driven momentum that the market has already priced into these leaders, though rising Treasury yields introduce a valuation headwind. No new fundamental catalysts were provided that would push these stocks beyond the growth trajectories the market already assumes.

NVDA+0.10

Already priced in

The price assumes

Sustained AI data center revenue growth above the 19% CAGR the price requires