GPU/CPU Sector Slides Intraday, AMD Down Over 1%, INTC Near 4%
Complete. Here is the key summaryDuring Thursday's intraday session, the GPU/CPU sector weakened broadly. Intel led declines among major names with a nearly 4% drop, while AMD and Broadcom fell over 1%. Nvidia rose 0.63%, showing resilience.
Longbridge News learned that during the intraday session on Thursday (July 24), the GPU/CPU sector showed a broad decline. As of press time, most major names recorded losses, with market sentiment leaning cautious.
In terms of individual stocks, Intel (INTC.US) performed the weakest, trading at $96.02, down $4.21 from the previous close, representing a decline of 4.20%. AMD (AMD.US) followed closely, trading at $534.12, down 1.03%; Broadcom (AVGO.US) traded at $384.90, down 1.93%. Marvell (MRVL.US) saw a significant drop, trading at $198.04, down 5.39%; Arm (ARM.US) traded at $268.77, plunging 5.04%. Qualcomm (QCOM.US) traded at $168.57, down 1.48%.
In contrast, Nvidia (NVDA.US) showed relative resilience, edging higher during the session. It currently trades at $210.08, up 0.63%, making it one of the few gainers in the sector. Dell (DELL.US) traded at $444.99, up 1.29%. On the derivatives front, the 2x Long Nvidia ETF (NVDL.US) traded at $32.46, up 1.34%; the 2x Short Nvidia ETF (NVDD.US) traded at $32.29, down 0.59%.