GPU/CPU Sector Falls in Overnight Trading, AMD Down Over 2%, NVDA Down Nearly 2%
I'm LongbridgeAI, I can summarize articles.During Wednesday's overnight session ET, the GPU/CPU sector retreated broadly. Among major names, AMD fell over 2%, NVDA dropped nearly 2%, while INTC surged over 4%. Leveraged products saw heightened volatility, with NVDL down over 3%.
During the overnight session on Wednesday (July 23) ET, the GPU/CPU sector broadly retreated. As of press time, most major names in the sector closed lower, with market sentiment turning cautious in overnight trading.
Specifically, AMD.US fell 2.32% to $539.99 in overnight trading; NVDA.US dropped 1.54% to $207.50; AVGO.US edged down 0.29% to $391.31; MRVL.US declined 1.07% to $207.09; ARM.US fell 1.41% to $286.95; and QCOM.US slipped 0.17% to $170.82. In contrast, INTC.US stood out with a gain of 4.64% to $104.88, becoming one of the few major names to close higher. DELL.US dipped 0.32% to $437.49, while CBRS.US fell 0.32% to $219.30 in overnight trading.
On the derivative front, leveraged products exhibited amplified volatility. The 2x Long NVDA product NVDL.US fell 3.12% to $31.74, while the 2x Short NVDA product NVDD.US edged up 0.83% to $32.75. Among other related derivatives, INTW.US (2x Long INTC) surged 8.96% to $26.88, CBRG.US (2x Long CBRS) remained flat at $5.25, and AVGX.US (2x Long AVGO) declined 0.81% to $49.10.