GPU/CPU Sector Mixed in Trading NVDA Up Over 3%, MRVL Up Over 4%
Complete. Here is the key summaryOn July 31, the GPU/CPU sector showed mixed performance during trading hours. NVDA rose over 3% and MRVL surged over 4%, while QCOM fell nearly 2%. Leveraged products saw amplified moves.
On July 31, the US GPU/CPU sector displayed a divergent trend during trading hours. As of press time, NVDA.US led the gains, reporting $201.25, up 3.18%, demonstrating strong momentum. MRVL.US followed closely, trading at $191.19, up 4.30%, reflecting robust investor confidence in data center chip demand.
In contrast, some mainstream stocks faced selling pressure. QCOM.US dropped 1.97% to $148.61, and CBRS.US fell 1.15% to $200.73. AMD.US edged slightly lower by 0.14% to $484.69, while INTC.US managed a modest gain of 0.87% to $91.93. AVGO.US and ARM.US also posted slight gains of 0.34% and 0.64% respectively.
Leveraged products exhibited heightened volatility. The 2x Long NVDA product, NVDL.US, surged 6.33% to $29.56, whereas the 2x Short NVDA product, NVDD.US, declined 3.00% to $33.60. Notably, MVLL.US (2x Long MRVL) jumped 8.30% to $21.02, mirroring the strong performance of its underlying asset. Overall, capital rotation within the sector was evident, with leading chip stocks outperforming while others faced profit-taking.