GPU/CPU Sector Surges Intraday, AMD Up Over 13%, AVGO Up Nearly 5%
Complete. Here is the key summaryDuring the July 30 intraday session, the GPU/CPU sector rallied broadly. AMD led major stocks with a gain of over 13%, followed by AVGO and MRVL. NVDA edged higher while INTC surged over 11%.
During the intraday session on July 30, the GPU/CPU sector showed strong momentum with major stocks rallying broadly. As of press time, AMD.US stood out with the most impressive performance, trading at $487.780, up 13.55% from the previous close of $429.560. The stock hit an intraday high of $498.200, with volume reaching 28.64 million shares, indicating significant capital inflow.
Other major chip stocks also finished in positive territory. AVGO.US traded at $388.210, up 4.83%; MRVL.US was at $183.250, gaining 12.15%; and ARM.US rose to $241.230, up 7.27%. Industry leader NVDA.US edged higher to $194.840, a gain of 2.54%, with turnover hitting $18.64 billion. INTC.US also performed strongly, trading at $91.640, surging 11.92%.
Among derivative products, leveraged ETF NVDL.US followed the underlying stock's trend, trading at $27.745, up 4.76%; INTW.US rose to $19.995, jumping 23.73%; and ARMG.US traded at $16.810, up 15.14%. Overall, driven by positive industry sentiment, the GPU/CPU sector saw active trading during today's intraday session, with most constituents recording significant gains.