GPU/CPU Sector Slumps in Pre-Market, AMD Down Over 3%, NVDA Near 2%
Complete. Here is the key summaryDuring pre-market trading on Tuesday (July 28), the GPU/CPU sector weakened broadly. Among mainstream names, AMD fell over 3%, while NVDA and MRVL dropped nearly or more than 1%, indicating pressure on semiconductor chips.
During pre-market trading on Tuesday (July 28), the GPU/CPU sector faced selling pressure with mainstream names generally lower. As of 6:45 AM ET, most components in the sector recorded losses, reflecting cautious market sentiment.
In terms of individual stocks, AMD.US led the decline among mainstream names, falling 3.81% to $475.38 in pre-market trading. NVDA.US dropped 1.81% to $193.89, MRVL.US fell 4.26% to $181.10, and AVGO.US declined 2.21% to $374.76. Additionally, INTC.US slipped 4.28% to $87.75, QCOM.US was down 2.69% at $165.48, ARM.US dropped 3.89% to $255.96, DELL.US fell 3.26% to $412.93, and CBRS.US declined 3.84% to $181.37.
On the derivative ETF front, leveraged and inverse products moved in line with their underlying stocks. NVDL.US (2x Long) fell 2.59% to $27.58, while NVDD.US (0.5x Long) dropped 1.42% to $34.93. Among inverse and short products, INTW.US plunged 8.47% to $18.69, ARMG.US fell 8.08% to $19.22, MVLL.US dropped 8.74% to $19.41, CBRG.US declined 6.08% to $3.55, and AVGX.US was down 4.40% at $45.00. Overall, the chip sector showed a clear corrective trend in pre-market trading, with investors advised to monitor subsequent intraday movements and news flow.