GPU/CPU Sector Slides in Regular Session, AMD Down Nearly 3%, NVDA Drops Over 2%
I'm LongbridgeAI, I can summarize articles.During Monday's regular session, the GPU/CPU sector retreated broadly. AMD fell nearly 3%, NVDA dropped over 2%, while other major names like INTC and DELL also declined amid cautious sentiment.
During the regular session on Monday (July 27), the US GPU/CPU sector faced a broad pullback, with major chip stocks moving lower across the board. As of 9:45 AM ET, most constituents recorded notable declines, reflecting cautious trading sentiment.
Specifically, AMD.US showed weakness, trading at $508.44, down approximately 2.57% from the previous close. Industry leader NVDA.US also faced pressure, currently at $202.08, with a decline of 2.31%. Additionally, AVGO.US fell 1.90% to $385.65, MRVL.US dropped 0.64% to $195.47, and QCOM.US edged down 0.48% to $170.17. Legacy chipmaker INTC.US slipped 0.13% to $92.44, while server maker DELL.US declined 0.28% to $436.26.
On the derivatives front, leveraged products saw heightened volatility. NVDL.US (2x Long NVDA) fell significantly, trading at $29.99, down about 4.76%. Conversely, the inverse product CBRG.US surged, up 8.63% to $3.90. Other related names such as ARM.US dropped 1.23%, and CBRS.US fell 4.46%. Overall, after a period of gains, the semiconductor sector is experiencing profit-taking pressure today, with investors watching for further impact from upcoming earnings guidance.