GPU/CPU Sector Slides in Regular Session: AMD Down 1.4%, NVDA Down 0.5%, INTC Down 2.0%
Complete. Here is the key summaryDuring Thursday's regular session, the GPU/CPU sector retreated broadly. Intel led declines among major chip stocks with a drop over 2%, while AMD and Nvidia also slipped. Broadcom and Marvell fell more than 2%, and ARM shares dropped nearly 2%.
Longbridge News reports that during the regular trading session on Thursday (July 24), the GPU/CPU sector faced selling pressure, with major chip stocks moving lower across the board. As of 9:45 AM ET, most constituents in the sector were down more than 1%, reflecting cautious market sentiment.
Among major constituents, Intel (INTC.US) performed the weakest, trading at $98.23, down 2.00%. AMD (AMD.US) was at $531.90, declining 1.44%, while Nvidia (NVDA.US) traded at $207.77, edging down 0.48%. In the rest of the index, Broadcom (AVGO.US) fell 2.10% to $384.21; Marvell (MRVL.US) dropped 4.06% to $200.83; ARM (ARM.US) slipped 1.85% to $277.79; and Qualcomm (QCOM.US) declined 1.12% to $169.19. Server maker Dell (DELL.US) was nearly flat, down 0.04% at $439.53.
On the derivative front, leveraged products tracked the underlying stocks lower. GraniteShares 2x Long NVDA (NVDL.US) fell approximately 1.10% to $31.81, and T-Rex 2X Long NVIDIA (NVDD.US) dropped about 0.49% to $32.64. Leveraged and inverse products such as AXS 1.5X Long ARM (ARMG.US), down 3.11%, and AXS 1.5X Long Marvell (MVLL.US), down 7.71%, highlighted diverging short-term views and rising risk-off sentiment in the market.