The semiconductor sector is experiencing a sharp sell-off, driven primarily by a surge in global bond yields to multi-year highs. [1, 8, 13] Rising Treasury yields are pressuring valuations for high-growth technology stocks, prompting profit-taking in a sector that has seen massive gains this year and is considered a crowded trade. [2, 3, 10] Escalating geopolitical tensions between the U.S. and Iran are contributing to the risk-off sentiment, pushing oil prices higher and fueling inflation concerns, which adds further upward pressure on bond yields. [1, 5, 21]