GPU/CPU Sector Slumps in After-Hours, NVDA Falls 1.85%, AMD Drops 3.05%, INTC Down 5.12%
Complete. Here is the key summaryDuring after-hours trading on Tuesday (July 29), the GPU/CPU sector retreated broadly. NVDA fell 1.85% to $191.26, AMD dropped 3.05% to $427.75, and INTC declined 5.12% to $81.19. Major chip stocks moved lower amid cautious sentiment.
During after-hours trading on Tuesday (July 29), the GPU/CPU sector faced broad selling pressure, with major stocks declining across the board. As of press time, most stocks in the sector posted significant losses as risk-off sentiment intensified.
Leader NVDA.US fell 1.85% in after-hours trading to $191.26, following a 3.55% decline during regular session. Chip design giant AMD.US extended losses in after-hours, dropping 3.05% to $427.75; AVGO.US edged down 0.70% to $372.91. PC and server chip maker INTC.US showed weakness, plunging 5.12% to $81.19 after briefly breaking below the $82 level during the session.
Among other major names, MRVL.US dipped 0.15% to $163.16, QCOM.US fell 1.07% to $148.40, ARM.US retreated sharply by 5.77% to $211.92, and DELL.US declined 0.56% to $371.73. On the leveraged product front, NVDL.US dropped 2.67% and NVDD.US fell 1.63%, reflecting cautious market sentiment on the sector's near-term outlook. Overall, the semiconductor sector saw notable profit-taking pressure in after-hours trading following earlier gains.