Gary Black warns rising yields impact tech stocks like NVDA and TSLA

Gary Black warns rising yields impact tech stocks like NVDA and TSLA
@garyblack00: Gary Black warns of yield impact

Gary Black, an influential market commentator, has warned that rising yields on 10-year Treasuries are impacting tech stocks, particularly companies like Nvidia (NVDA), Palantir Technologies (PLTR), and Tesla (TSLA).

In recent pre-market trading, these stocks continued last week's decline, with Nvidia down 1.6%, Palantir losing 2.3%, and Tesla dropping 1.0%. Black suggests that higher price-to-earnings (P/E) stocks are most vulnerable in this environment as investors reassess valuations.

Black's caution regarding the susceptibility of high P/E tech stocks arises amid ongoing debates about the future of automakers and mobility. His views on Tesla align with prior commentary, such as his analysis challenging the notion that advances like robotaxis will displace established players, highlighted in the discussion on Tesla and Uber's competitive landscape. Further, his perspective is informed by close monitoring of Tesla’s global performance, as evidenced by the recent report on surging Tesla China registrations, which offered nuanced context for evaluating the company's resilience in shifting market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.