TECL is trading 4.78% down today as renewed U.S.-Iran tensions push crude oil above $90, raising inflation concerns and pressuring high-growth technology valuations.
- A Treasury selloff lifted long-term yields to multi-year highs.
- Major semiconductor and AI-related stocks, including NVIDIA, Micron, AMD, Intel, SanDisk, and Western Digital, fell in premarket trading.
- The Nasdaq Composite is down 0.88%, while the S&P 500 is down 0.46%.