Intel Jumps 9% on Reported CPU Price Hike; Nvidia Falls 2%
$Intel(INTC)$ rose 9% on Tuesday (8 September) following reports that the company plans to raise CPU prices by 10% in early October.
Amplifying the move, the Intel 3x Long DLC (9DWW) gained around 27%, while the Intel 3x Short DLC (JRYW) declined a similar magnitude.
Among other DLC-covered chip stocks, $Advanced Micro Devices(AMD)$ and $Applied Materials(AMAT)$ rose 5.9% and 3.98%, respectively.
Correspondingly, the AMD and AMAT 3x Long DLCs rose about 17% and 11% respectively, with the AMD and AMAT 3x Short DLCs also declining a similar respective magnitude.
In contrast, $NVIDIA(NVDA)$ fell 2%, lifting the Nvidia 5x Short DLC (VU6W) by around 10%, while the Nvidia 5x Long DLC (KJHW) declined by a similar magnitude.
The $NASDAQ 100(NDX)$ ended 0.3% lower amid mixed stock performance and concerns over higher energy prices. The Nasdaq 7x Short DLC (W5BW) gained approximately 2%, while the Nasdaq 7x Long DLC (MFVW) declined by a similar amount.
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- bubblyx·09-09 13:52That 10% CPU hike could lift gross margin more than people think, especially in data center. Pricing power matters way more here than a one day NVDA dipLikeReport