GPU/CPU Sector Rallies Intraday, NVDA Up Over 3%, DELL Surges Nearly 10%
Complete. Here is the key summaryDuring Tuesday (July 22) intraday trading, the GPU/CPU sector rallied broadly. NVDA rose over 3% to $213.66, while DELL surged nearly 10% to $444.96. Major chip stocks including AMD and AVGO traded higher, reflecting strong market sentiment.
GPU/CPU-related stocks staged a broad rally during U.S. intraday trading on Tuesday (July 22). As of 4:45 p.m. ET, mainstream names in the sector posted significant gains, led by Dell Technologies (DELL.US), which surged 9.99% to $444.96 on turnover approaching $2 billion.
AI chip leader Nvidia (NVDA.US) extended its strength, rising 3.08% to $213.66 with turnover hitting $14.8 billion, underscoring sustained investor confidence in AI compute demand. Advanced Micro Devices (AMD.US) followed closely, up 1.84% at $554.49; Broadcom (AVGO.US) gained 2.18% to $394.93; and Marvell Technology (MRVL.US) advanced 2.38% to $212.90. Meanwhile, Qualcomm (QCOM.US) rose 1.47%, Arm Holdings (ARM.US) slipped 1.40%, and Intel (INTC.US) edged down 0.64% to $104.78, showing relatively stable performance.
On the derivative leveraged product front, ETFs tracking Nvidia's performance saw active trading. Direxion Daily NVDA Bull 2X Shares (NVDL.US) climbed 3.85% to $33.62, while the inverse product NVDD.US fell 3.23%. Other related chip ETFs such as CBRG.US jumped 5.25%, and INTW.US declined 1.35%. Overall, buoyed by robust sentiment across the AI supply chain, the GPU/CPU sector attracted notable capital inflows today, with bullish sentiment prevailing across the board.