6
Impact of higher Treasury yields on tech valuations?
With yields creeping higher, how are you guys re-evaluating the growth multiples on mega-cap tech like $AAPL ($297.19) and $NVDA ($207.95)? The discount rate impact is certainly non-trivial, especially for companies whose future earnings are heavily weighted to later periods.
1 comments · 6 points
Definitely a valid concern. I've been trimming some of my longer-duration tech for a while now, reallocating into more value-oriented plays. The higher cost of capital just makes those growth multiples harder to justify.