Editorial companion

What stands out

Jessica Inskip calls rising Treasury yields a “regime change,” arguing higher bond yields will reshape how investors price growth names and create selective buying opportunities inside big tech. She contrasts stretched valuations for Nvidia with what she sees as more durable opportunities in Alphabet and Meta, emphasizing that yield-driven re-pricings can make some growth stories less attractive while lifting others with clearer cash flow paths. The clip matters because a sell-side research director is naming a structural shift in rates as the primary force changing tech leadership.