GPU/CPU Sector Falls Broadly in Post-Market, AMD Down Nearly 4%, AVGO Down Nearly 3%
Complete. Here is the key summaryUS GPU/CPU stocks retreated broadly in post-market trading, with major chip names all lower. AMD fell nearly 4%, while AVGO and MRVL each dropped over 2%. NVDA edged slightly lower as investors took profits near the end of earnings season.
During the post-market session on July 24 Eastern Time, the GPU/CPU sector faced broad selling pressure, with all major names closing lower. As of press time, AMD.US traded at $521.60 in post-market, down 3.71% from the prior close; AVGO.US fell 2.71% to $381.84; and MRVL.US dropped 2.61% to $192.70.
Sector leader NVDA.US edged down 0.02% to $206.80 in post-market after touching an intraday high of $211.91, but failed to hold gains into the close. INTC.US showed weakness, falling 6.08% to $91.535 in post-market, marking the steepest decline among major names. ARM.US slipped 3.85% to $260.00, while QCOM.US declined 1.74% to $167.22.
Among derivative ETFs, the 2x long NVDA product NVDL.US fell 1.02% in post-market, while the inverse ETF NVDD.US edged up 0.49%. The leveraged chip product INTW.US plunged 5.99% in post-market, reflecting spreading concerns over Intel's outlook into derivatives. Overall, the sector saw notable profit-taking after recent rebounds, with capital flows turning cautious.