GPU/CPU Sector Slumps Intraday, AMD Down Nearly 3%, NVDA Falls Over 2%
Complete. Here is the key summaryDuring Thursday (July 23) trading, the GPU/CPU sector weakened broadly. As of press time, major stocks fell across the board, with AMD down nearly 3%, NVDA off over 2%, and INTC extending losses to nearly 3%.
During Thursday (July 23) trading, the GPU/CPU sector faced selling pressure and moved lower collectively. As of 3:45 PM ET, major stocks in the sector were all down, with market sentiment turning notably weak.
On the individual stock front, AMD.US traded at $536.250, down 2.91% from the previous close; NVDA.US was at $207.020, declining 2.38%; INTC.US showed weakness, trading at $99.730 with a loss of 2.82%. Among other major names, AVGO.US fell 1.87% to $389.370, MRVL.US dropped 2.29% to $206.165, ARM.US slipped 0.78% to $281.180, QCOM.US declined 3.70% to $169.130, and DELL.US fell 0.99% to $437.400.
In terms of derivative ETFs, leveraged products saw significant declines. NVDL.US dropped 4.66% to $31.550, INTW.US fell 5.60% to $24.450, and MVLL.US declined 4.59% to $25.570. Conversely, the inverse product CBRG.US surged 9.19% to $5.230, reflecting bearish expectations for the sector's short-term performance.