GPU/CPU Sector Falls Broadly in Post-Market, AMD Down Nearly 4%, AVGO Down Over 2%
Complete. Here is the key summaryDuring Thursday's post-market session, the GPU/CPU sector retreated broadly. AMD fell nearly 4% to $521.57, AVGO dropped over 2% to $381.73, and NVDA slipped nearly 1% to $206.77. Major chip stocks declined across the board amid cautious sentiment.
During the post-market session on Thursday (July 24), the US GPU/CPU sector faced broad selling pressure, with major chip stocks declining across the board. As of press time, most stocks in the sector fell more than 1%, reflecting cautious market sentiment.
In terms of individual stocks, AMD (AMD.US) dropped nearly 4% in post-market trading to $521.57, after already plunging over 3% during regular hours. Broadcom (AVGO.US) fell over 2% to $381.73, while NVIDIA (NVDA.US) slipped nearly 1% to $206.77, having declined approximately 0.92% during regular trading. Additionally, Marvell (MRVL.US) fell nearly 1% to $192.80, Arm (ARM.US) dropped over 2% to $260.43, and Qualcomm (QCOM.US) declined nearly 1% to $166.95 in post-market activity.
Among other names, Intel (INTC.US) fell nearly 1% to $91.59, and Dell (DELL.US) edged down 0.23% to $436.52. In derivative ETFs, the 2x Long NVDA ETF NVDL.US dropped nearly 2%, while the 2x Short NVDA ETF NVDD.US rose slightly by 0.15%. Overall, the semiconductor sector faced profit-taking pressure in post-market trading following earlier gains.