GPU/CPU Sector Slumps Intraday, AMD Down Over 4%, NVDA Down Nearly 3%

During intraday trading on August 18, the GPU/CPU sector experienced a broad sell-off, with mainstream stocks declining across the board. As of press time, significant drops were observed across the sector, reflecting cautious market sentiment.

Specifically, AMD.US fell 4.29% intraday to $484.39, down from a prev_close of $506.00; NVDA.US dropped 2.34% to $219.74, against a prev_close of $225.01; INTC.US was the weakest performer, declining 6.58% to $96.69, compared to a prev_close of $103.49. Among other mainstream names, AVGO.US fell 3.17% to $380.00, MRVL.US dropped 7.82% to $216.00, ARM.US declined 6.67% to $253.32, QCOM.US slipped 1.23% to $160.19, CBRS.US plunged 12.69% to $220.01, and DELL.US fell 2.33% to $468.65.

On the derivatives front, leveraged and inverse ETFs saw heightened volatility. NVDL.US fell 4.78% to $34.92, NVDD.US rose 2.47% to $30.71, INTW.US dropped 13.18% to $21.68, ARMG.US declined 13.71% to $17.69, MVLL.US fell 15.73% to $25.92, CBRG.US slumped 25.67% to $4.46, and AVGX.US dropped 6.40% to $45.35. Significant capital outflows were noted across the sector, with investors advised to monitor upcoming earnings reports and macroeconomic data for further direction.