Nvidia, Advanced Micro Devices, Broadcom lead tech sell-off
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Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Broadcom (NASDAQ:AVGO) were among the worst-performing tech stocks on Tuesday as investors fretted over rising interest rates.
Yields on the 5-year U.S. Treasury rose more than 5% to 2.7% on Tuesday, while the 10-year U.S. Treasury jumped nearly 6% to 2.554%. Yields and bond prices move in inverse directions.

Nvidia (NVDA) shares fell slightly more than 3.5% to $263.64, while AMD (AMD) declined slightly more than 2.5% to $107.60.
Broadcom (AVGO) fell slightly more than 2% to $620.08, though less than 1 million shares had changed hands shortly after 1 p.m. EST.
On Friday, Broadcom (AVGO) announced that it raised $1.95 billion in debt to refinance existing debt, due in 2025 and 2026.