EL7.AI
BondsMedium•13 November 2026•
1 min read

AI Trade Volatility Spills Into US Treasuries as NVDA and MSFT Diverge

Key Facts

1The AI trade has significantly influenced volatility in the US Treasury market over the past month.
2Nvidia is entering its next growth phase as Microsoft deals with a global service outage.

The AI trade has significantly influenced volatility in the US Treasury market over the past month, the Wall Street Journal reported. Nvidia is entering its next growth phase while Microsoft deals with the aftermath of a global service outage, according to the same report, linking high tech valuations directly to interest rate expectations.

NVDA closed at $166.19 on November 12, 2026, while MSFT closed at $523 on the same date. Among industry peers, AMD closed at $585.3 and META closed at $623.61 on November 12, 2026, reflecting the broader market structural shifts as AI-related capital flows impact Treasury yields.

Federal Reserve Chair Kevin Warsh is scheduled to deliver a speech on November 16, 2026, an event that may provide further clarity on monetary policy directions affecting both bond markets and tech equities.

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