GPU/CPU Sector Falls Broadly Intraday, AMD Down Nearly 7%, MRVL Down Nearly 6%
Complete. Here is the key summaryDuring Tuesday (July 28) trading, the GPU/CPU sector weakened broadly. Among major stocks, AMD fell nearly 7%, MRVL dropped nearly 6%, and INTC declined over 5%. NVDA bucked the trend with a slight 0.65% gain, while AVGO remained flat.
During intraday trading on Tuesday (July 28), the GPU/CPU sector faced overall pressure, with most major stocks closing lower. As of press time, divergence within the sector was evident, with some leading stocks suffering significant declines while a few heavyweight stocks remained in positive territory.
Specifically, AMD.US showed weakness, trading at $461.39, down $33.56 from the previous close, marking a decline of 6.78%, with an intraday low of $442.27. MRVL.US followed closely, trading at $178.56, down 5.61%, with turnover exceeding $3 billion. INTC.US also faced selling pressure, trading at $86.73, down 5.39%, with volume reaching 91.8 million shares.
Furthermore, ARM.US fell 7.01% to $247.65, DELL.US plunged 9.91% to $384.59, and QCOM.US dropped 2.48% to $165.83. In contrast, sector leader NVDA.US showed resilience, rising slightly by 0.65% to $197.78, with turnover exceeding $14.7 billion; AVGO.US remained essentially flat, up a mere 0.09% to $383.55. On the derivative ETF front, related leveraged and inverse products experienced heightened volatility, reflecting market divergence on the short-term outlook for the semiconductor sector.