GPU/CPU Sector Surges Intraday, AMD Up Over 9%, ARM Up Nearly 8%
Complete. Here is the key summaryDuring Thursday (July 30) trading, the GPU/CPU sector rallied broadly. AMD surged over 9%, ARM rose nearly 8%, with NVDA and AVGO both gaining more than 2%.
During intraday trading on Thursday (July 30), the GPU/CPU sector showed strong momentum with broad gains among major names. As of press time, AMD.US traded at $470.33, up 9.49%; ARM.US was at $243.06, rising 8.08%; and MRVL.US hit $177.88, gaining 8.86%. Leader NVDA.US stood at $192.48, up 1.30%, with turnover exceeding $2.6 billion.
Among other mainstream tickers, AVGO.US rose 3.05% to $381.62; DELL.US climbed 7.70% to $398.10; INTC.US jumped 9.04% to $89.28; QCOM.US fell 5.07% to $147.79; and CBRS.US surged 10.48% to $187.14. Only QCOM declined within the group, while the rest posted significant gains.
On the derivative ETF front, NVDL.US (2x Long NVDA) traded at $27.11, up 2.34%; INTW.US (2x Long INTC) reached $19.09, surging 18.13%; ARMG.US (2x Long ARM) hit $17.00, up 16.44%; and MVLL.US (2x Long MRVL) stood at $18.41, gaining 17.60%. Inverse ETF NVDD.US fell 1.07% to $35.16; CBRG.US (Short CBRS) dropped 20.40% to $3.65; and AVGX.US (2x Long AVGO) rose 6.12% to $46.44. Capital flows clearly favored chip and semiconductor-related assets.