Tech stocks surge as Treasury yields dip below 5%

The QQQ tech ETF rose 2.77% as artificial intelligence stocks rallied amid a decline in U.S. Treasury yields below the 5% mark. Major tech companies including AMD and Meta saw sharp share gains, pushing the index closer to its 52-week high.

Lower Treasury yields typically boost investor appetite for growth and technology stocks, which are seen as more attractive when borrowing costs fall. The confluence of AI sector strength and declining yields drove broad-based gains across the technology sector.