Nasdaq Today: 26,008 After a 2.6% Drop as Oil Hits $116 and the 10-Year Tests 5%

financefeeds.com · 2026-10-23

The Nasdaq Composite ended Thursday, October 22, at 26,008.86, down 694 points or 2.6%, as a sharp selloff in semiconductor and artificial intelligence stocks

TickrTrends take: The Nasdaq's decline alongside rising oil prices and higher bond yields creates macroeconomic headwinds that typically pressure technology valuations. Given TickrTrends' current undervalued assessment of AMD despite these broader market pressures, the divergence suggests the stock may offer relative value within its sector. Valuation-focused readers should monitor whether AMD maintains its undervalued status if these macro conditions persist or reverse.

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