GPU/CPU Sector Rises in Overnight Session, AMD Up Nearly 8%, AVGO Up Nearly 2%
Complete. Here is the key summaryDuring the US Eastern overnight session on July 21, the GPU/CPU sector rallied broadly. AMD led mainstream names with a nearly 8% gain; AVGO and MRVL rose over 2%. NVDA edged lower in overnight trade while INTC gained over 8%.
During the overnight session on Tuesday, July 21 (US Eastern Time), the GPU/CPU sector rallied broadly, with mainstream names posting widespread gains. As of press time, AMD.US showed the strongest performance, trading at $541.86 in overnight session, up 7.21% from the previous close, with an intraday high of $548.14 and a peak daytime gain approaching 9%.
Other mainstream names also moved higher. AVGO.US traded at $383.98 in overnight session, with losses narrowing to 0.65% after surging over 2% during regular hours; MRVL.US was at $209.76, up 0.87% in overnight trade; ARM.US stood at $290.92, edging up 0.41%. Chip giant NVDA.US traded at $206.14 in overnight session, down 0.55% from its regular close but maintaining strong momentum overall for the day; INTC.US was at $105.80, up 0.33% in overnight trade.
On the derivative ETF front, NVDL.US (2x Long NVDA) traded at $31.29 in overnight session, down 1.04%; INTW.US (2x Long INTC) was at $27.53, up 0.51% in overnight trade. Overall, overnight trading saw continued investor appetite for the semiconductor sector following daytime momentum, though some high-flying names experienced minor profit-taking.