GPU/CPU Sector Falls Broadly in Post-Market: NVDA Down Nearly 4%, INTC Over 5%, AMD Over 6%
I'm LongbridgeAI, I can summarize articles.During post-market trading on Tuesday (July 29), the GPU/CPU sector retreated broadly. NVDA fell nearly 4% to $191.37, INTC dropped over 5% to $81.28, and AMD declined over 6% to $427.80. Major chip stocks moved lower across the board amid cautious sentiment.
During post-market trading on Tuesday (July 29), the GPU/CPU sector faced broad selling pressure, with major stocks moving lower across the board. As of press time, multiple stocks in the sector posted significant declines as market sentiment turned noticeably weaker.
Leader NVDA.US fell 3.98% in post-market to $191.37, after already declining 3.55% during regular trading. Intel INTC.US saw its post-market losses widen to 5.16%, trading at $81.28; while AMD AMD.US dropped 6.25% to $427.80. Broadcom AVGO.US fell 2.85% to $369.86, and Marvell MRVL.US declined 4.06% to $163.19 in post-market activity.
Among other major names, ARM.US fell 6.22% to $210.89, QCOM.US dropped 4.93% to $148.00, and DELL.US edged down 0.24% to $368.75 in post-market trading. On the derivatives front, NVDL.US, the 2x long NVDA ETF, fell 7.85%, while the inverse ETF NVDD.US gained 3.85%. Overall, the semiconductor sector showed broad-based declines in post-market hours, with investors advised to monitor guidance updates from the ongoing earnings season.