NVIDIA Corp (NVDA)

[Henry_Jones0789]

NVDA -6.13% shares are trading lower by 5.33% to $113.22 during Friday's session.

Shares of several companies in the broader technology sector, including Nvidia, are trading lower amid a rise in treasury yields, which has pressured growth stocks. U.S. indices are also lower for the session as stocks give up gains following yesterday's rally as investors continue to weigh concerns over inflation.

The 10-year U.S. Treasury yield hit an intraday high of 4.006% Friday morning before dipping to around the 3.979% level. When interest rates rise, the value of future cash flows is reduced for growth stocks like Tesla, which in turn lower the value of the stock.