Gary Black, the Managing Director of The Future Fund LLC, has raised concerns regarding the potential negative effects of increasing long-term interest rates on specific stocks. He highlighted that high P/E ratio stocks such as Tesla Inc. (NASDAQ: TSLA), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NASDAQ: PLTR) are experiencing a downturn due to the impact of rising 10-year Treasury yields, currently at 4.29%. Black explained that these stocks are particularly vulnerable to fluctuations in long-term treasuries as a significant portion of their value is impacted by changes in interest rates, with Tesla having a P/E ratio of 193.51, Palantir at 520.77, and Nvidia at 49.55. Stocks like $NVDA, $PLTR, $TSLA, and other long-duration equities are likely to suffer the most if the 10-year Treasury yields continue to rise. In the latest pre-market trading, tech stocks have extended losses from the previous week, with Nvidia down by 1.6%, Palantir by 2.3%, and... For further details, the complete article is accessible on Benzinga.com.