GPU/CPU Sector Falls in Overnight Session, AMD Down Nearly 4%, NVDA Down Nearly 5%
Complete. Here is the key summaryDuring Tuesday (July 28) overnight session, the GPU/CPU sector retreated broadly with mainstream stocks declining. AMD fell nearly 4%, NVDA dropped nearly 5%, and INTC declined over 4%. Sector sentiment weakened due to profit-taking.
During the overnight session on Tuesday (July 28), the GPU/CPU sector showed weakness with mainstream stocks retreating broadly. As of press time, most stocks in the sector recorded losses as market sentiment shifted from the previous day's optimism to caution.
On the individual stock front, AMD.US fell nearly 4% in overnight trading to $476.45; NVDA.US dropped nearly 5% to $193.62; INTC.US declined over 4% to $87.74. AVGO.US fell 1.62% in overnight trading to $377.00; MRVL.US dropped 4.05% to $181.51. Among other stocks, ARM.US fell 3.47%, QCOM.US declined 2.08%, and DELL.US dropped 2.44%.
On the derivative ETF front, NVDL.US fell 2.93% in overnight trading, NVDD.US rose 1.36%, and INTW.US dropped 8.03%. Overall, after the previous day's sharp gains, the sector faced significant profit-taking pressure in the overnight session, with investor caution rising in the short term.