WS #14327
Core PCE at 3.3% and 30-year Treasury yields above 5.3% reinforce expectations of sustained rate pressure, pressuring growth stocks. Apple's CEO transition to John Ternus on September 1 coincides with a 10% stock drop on weak guidance, creating uncertainty. Nvidia's data center growth (117% YoY) and Broadcom's upcoming earnings (Sept 2) are key AI-driven catalysts for the semiconductor sector.
Fed hawkishness and rising yields
Core PCE at 3.3% and 30-year Treasury yields above 5.3% reinforce expectations of sustained rate pressure, pressuring growth stocks.
Apple's CEO transition to John Ternus on September 1 coincides with a 10% stock drop on weak guidance, creating uncertainty.
Nvidia's data center growth (117% YoY) and Broadcom's upcoming earnings (Sept 2) are key AI-driven catalysts for the semiconductor sector.