GPU/CPU Stocks Diverge, AVGO Up 6%, CBRS Up 3%, INTC Down 3%
Complete. Here is the key summaryGPU/CPU stocks showed mixed performance Wednesday. Broadcom surged nearly 6%, CoreWeave gained over 3%, while Intel declined over 3%. AI infrastructure demand benefits select players as traditional CPU makers face pressure.
GPU/CPU stocks displayed divergent performance during regular trading hours Wednesday (July 8). Broadcom (AVGO) climbed 5.86% to $392.50, leading the sector with an intraday high of 6.26% at $394.07. CoreWeave (CBRS) advanced 3.34% to $182.51, reaching a peak gain of 6.73%. Dell (DELL) rose 2.96% to $429.62. NVIDIA (NVDA) edged up 1.28% to $199.45, while Qualcomm (QCOM) gained 1.23% to $185.23. AMD slipped 1.09% to $510.49, Arm declined 1.62% to $295.55, and Marvell (MRVL) fell 0.44% to $229.69. Intel (INTC) dropped 3.23% to $106.82.
Among leveraged products, the 2x Broadcom ETF (AVGX) surged 11.80%, the 2x CoreWeave ETF (CBRG) rose 6.32%, while the 2x Intel ETF (INTW) tumbled 6.89%. The semiconductor sector showed mixed performance as AI infrastructure demand continues benefiting certain players while traditional CPU manufacturers face headwinds. Broadcom's strength reflects robust datacenter chip demand, whereas Intel's weakness stems from competitive pressures in the CPU market.