GPU/CPU Sector Slides Intraday, NVDA Down Nearly 2%, INTC Falls Over 4%

During intraday trading on August 20, the GPU/CPU sector faced a broad pullback, with major stocks generally trending lower. As of press time, sector leader NVDA.US traded at $216.80, down 0.35% from the previous close; chip giant INTC.US saw a significant decline, trading at $92.40, a drop of 4.31%.

Among other major names, AMD.US traded at $466.88, slipping slightly by 0.03%; AVGO.US was at $364.44, up 0.54%; MRVL.US showed relative strength, trading at $249.59, surging 5.19%. Additionally, ARM.US stood at $250.38, edging up 0.42%; QCOM.US was at $160.49, down 0.88%; and DELL.US traded at $435.39, falling 0.49%.

In the derivatives space, leveraged products experienced heightened volatility. NVDL.US traded at $33.97, down 0.76%, while MVLL.US bucked the trend, rising 10.66% to $34.25. Overall, the sector showed significant divergence, with names like MRVL rallying against the trend, while others like INTC faced substantial selling pressure.