Invezz
18 May 2026, 20:18 UTC · 3d ago
Source · https://invezz.com/news/2026/05/18/dow-rises-while-nasdaq-slides-on-oil-surge-treasury-yields-pressure-tech/
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Seagate CEO Dave Mosley stated that building new manufacturing facilities for memory chips would "take too long," raising concerns that supply cannot meet AI infrastructure demand. — Directly threatens the growth trajectory of the AI trade by signaling a potential supply bottleneck for critical memory components.
-0.60US 10-year Treasury yields reached their highest level since February 2025, putting downward pressure on high-growth technology and semiconductor valuations. — Higher yields increase the discount rate for future earnings, disproportionately hitting high-multiple growth stocks like those in the Nasdaq.
-0.50Oil prices rose significantly, with WTI settling around $108.66 and Brent over $112.10, driven by Middle East tensions. — Positive for energy sector cash flows and the XLE, though it creates a negative macro headwind via sticky inflation.
+0.40President Trump delayed a planned military strike on Iran, stating that serious negotiations are taking place to reach a deal. — Reduces the immediate risk of a severe supply disruption in the Strait of Hormuz, capping potential oil price spikes.
+0.30Impact vectors
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Shares fell nearly 7% after the CEO warned that new manufacturing facilities would take too long to build.
The article explicitly suggests selling the stock due to valuation resets and supply-timing concerns for AI memory.
Shares lost roughly 5% amid concerns that memory-chip industry cannot meet AI demand.
The article suggests selling the stock and notes a decline in share price due to rising Treasury yields.
Shares declined around 1% as part of a broader semiconductor selloff.
