GPU/CPU Sector Slides in Overnight Session; AMD Down 2.42%, NVDA Down 0.92%, INTC Plunges 7.99%
Complete. Here is the key summaryThe GPU/CPU sector weakened during the overnight session with broad declines among mainstream names. Intel led the drop nearly 8% on weak guidance, while Nvidia and AMD followed lower. Broadcom and Qualcomm also edged down as market sentiment turned cautious.
The GPU/CPU sector traded broadly lower during the overnight session, as market sentiment turned cautious amid macro concerns and mixed earnings guidance. As of press time, nearly all mainstream names in the sector closed in negative territory, with Intel's sharp decline acting as the primary drag on the group.
Specifically, Intel (INTC.US) fell 7.99% to $94.35 in overnight trading, leading the sector's losses. The stock continued its slide from the regular session following weak post-earnings guidance, hitting a low of $93.21. Nvidia (NVDA.US) dipped 0.92% to $208.80 with volume remaining elevated, while AMD (AMD.US) declined 2.42% to $534.95 amid increased volatility. Broadcom (AVGO.US) and Qualcomm (QCOM.US) also edged lower by 0.50% and 1.95% to $389.99 and $170.27, respectively.
Among other components, Marvell (MRVL.US) dropped 2.82% to $199.70, Arm (ARM.US) fell 2.62% to $267.00, Corsair (CBRS.US) declined 2.05% to $203.21, and Dell (DELL.US) slipped 1.85% to $445.60. Leveraged products such as NVDL.US and INTW.US also saw notable pullbacks in line with their underlying stocks, indicating investors are adopting a wait-and-see stance on the near-term outlook for tech equities.