GPU/CPU Sector Slumps in Overnight Session, AMD Down Over 1%, NVDA Near 2%
I'm LongbridgeAI, I can summarize articles.On August 5, the GPU/CPU sector showed weakness during the overnight session with broad declines. AMD fell 1.05% to $477.05, NVDA dropped nearly 2% to $218.88, and INTC declined 1.78%. Chip giants AVGO and MRVL also retreated as sentiment turned negative.
During the overnight session on August 5, the GPU/CPU sector broadly declined with cautious market sentiment. As of press time, most major stocks recorded losses: AMD.US fell 1.05% to $477.05; NVDA.US dropped 0.15% to $218.88 after touching an intraday high of $222.22; INTC.US underperformed with a 1.78% decline to $99.26.
Other heavyweight stocks in the sector also struggled. AVGO.US edged down 0.07% to $417.97 in overnight trading, while MRVL.US fell 2.51% to $205.72 and ARM.US retreated 1.96% to $269.20. Communications chip leader QCOM.US dropped 0.78% to $156.30. Server manufacturer DELL.US declined 1.34% to $456.49.
In leveraged products, 2x Long NVDA ETF NVDL.US fell 0.14% to $34.90, while 2x Short NVDA ETF NVDD.US dipped 0.06% to $30.75. The sector lacked clear positive catalysts during the overnight session, with capital showing net outflows. Investors should watch for further fundamental guidance.