GPU/CPU Sector Mixed in Overnight Session, AMD Down Nearly 2%, INTC Up Over 3%
I'm LongbridgeAI, I can summarize articles.During the overnight session on Thursday ET, the GPU/CPU sector showed mixed performance. Intel surged over 3% against the trend, while mainstream names like AMD and Nvidia retreated, with Broadcom falling nearly 1%.
During the overnight session on Thursday (July 23) ET, the GPU/CPU sector generally trended lower with divergent performance among mainstream names. As of press time, most stocks in the sector retreated to varying degrees, with only a few bucking the trend.
Specifically, Intel (INTC.US) stood out, trading at $103.95 in the overnight session, up $3.72 from the previous close, marking a gain of 3.72% and becoming one of the few heavyweight gainers in the sector. AMD (AMD.US) traded at $543.82 in the overnight session, down approximately 1.08% from the previous close, showing notable intraday volatility. Nvidia (NVDA.US) was down about 0.97% at $206.74, while Broadcom (AVGO.US) fell nearly 1% to $388.66.
Among other names, Qualcomm (QCOM.US) dropped 0.89% to $169.59 in the overnight session. Marvell (MRVL.US) fell 2.12% to $204.89, and Arm (ARM.US) edged down 0.28% to $283.80. On the derivatives front, the 2x Long Nvidia ETF (NVDL.US) declined 1.88%, with related leveraged products retreating alongside the underlying assets. Overall, trading sentiment in the sector during the overnight session appeared cautious as investors awaited further earnings guidance.