GPU/CPU Sector Slumps Intraday, AMD Down 2.00%, NVDA Off 1.12%, INTC Falls 0.87%
Complete. Here is the key summaryDuring Thursday (July 23) intraday trading, the GPU/CPU sector weakened broadly. Major chip stocks turned green, with AMD down 2.00%, NVDA off 1.12%, and INTC falling 0.87%. Leveraged derivative products saw significant declines, with NVDL dropping 2.24%, reflecting cautious market sentiment.
Longbridge News learned that during the US intraday session on Thursday (July 23), GPU/CPU-related stocks showed a broad decline. As of press time, major chip stocks in the sector weakened across the board as investors took profits at high levels, putting pressure on the sector as a whole.
In terms of specific stocks, AMD.US traded at $541.300, down 2.00% from the previous close; NVDA.US was at $209.675, off 1.12%; and INTC.US fell 0.87% to $101.725. Among other major names, AVGO.US dropped 1.29% to $391.700, MRVL.US fell 0.76% to $209.400, QCOM.US declined 3.27% to $169.885, and ARM.US slipped 0.57% to $281.790. Server maker DELL.US bucked the trend with a 0.51% gain to $444.040, while CBRS.US surged 3.85% to $217.880.
On the derivative leveraged product side, volatility was more pronounced. NVDL.US (2x Long NVDA) fell 2.24% to $32.350, while NVDD.US (0.5x Long NVDA) edged up 1.10% to $32.305. Inverse and leveraged products saw mixed moves, with INTW.US down 1.78%, ARMG.US up 0.19%, MVLL.US off 1.60%, CBRG.US jumping 7.93%, and AVGX.US falling 2.06%. Overall, the semiconductor sector lacked clear positive drivers during today's intraday session, with capital flowing towards defensive sectors.