AMD Sinks 9% as Chip Rally Falters After Huang Exit
thedefiant.io
13 November 2026 22:56, UTC
AMD sank 8.8% Friday, Nov. 13, as Broadcom and Marvell also fell, giving back part of the gains that had set them apart from Nvidia during its leadership upheaval.
Broadcom lost 4.8% and Marvell dropped 4.7%. All three declined more than both Nvidia, down 2.0%, and the iShares Semiconductor ETF, or SOXX, which fell 3.7%.
The comparisons use Yahoo Finance's split-adjusted closing prices through the 4 p.m. ET regular-session close on Nov. 13, excluding after-hours trading. Friday's changes are measured against Nov. 12; weekly changes are against Nov. 6.
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Nvidia announced Thursday that Jensen Huang had resigned as president, chief executive and a director, effective immediately. Chief Financial Officer Colette Kress became interim CEO while retaining her finance role, and the board began a search for a permanent successor.
The selloff narrowed—but did not erase—the week's divergence. Through Thursday, AMD had gained 30.3% from the previous Friday's close while Nvidia had lost 11.0%. AMD, Broadcom and Marvell all finished the week with double-digit gains despite Friday's retreat.
Chip Rally Retreats, but Weekly Gains Remain
Subject
Metric
Value
Period / as of
AMD
Through Thursday
30.34%
Nov. 6–12, 2026
Broadcom
Through Thursday
24.06%
Nov. 6–12, 2026
Marvell
Through Thursday
16.47%
Nov. 6–12, 2026
Nvidia
Through Thursday
-10.96%
Nov. 6–12, 2026
SOXX
Through Thursday
13.52%
Nov. 6–12, 2026
AMD
Friday
-8.75%
Nov. 12–13, 2026
Broadcom
Friday
-4.76%
Nov. 12–13, 2026
Marvell
Friday
-4.68%
Nov. 12–13, 2026
Nvidia
Friday
-2.01%
Nov. 12–13, 2026
SOXX
Friday
-3.67%
Nov. 12–13, 2026
AMD
Week
18.93%
Nov. 6–13, 2026
Broadcom
Week
18.16%
Nov. 6–13, 2026
Marvell
Week
11.02%
Nov. 6–13, 2026
Nvidia
Week
-12.75%
Nov. 6–13, 2026
SOXX
Week
9.35%
Nov. 6–13, 2026
Frontier calculations from Yahoo Finance split-adjusted closes. Through Thursday: Nov. 6–12, 2026; Friday: Nov. 12–13; week: Nov. 6–13. Regular sessions only; excludes dividends and after-hours trading. Selected stocks and sector ETF, not an exhaustive chip-stock survey. (AMD; Broadcom; Marvell; Nvidia; SOXX)
The declines also exceeded the broader market's: the S&P 500 fell 0.4% Friday. SOXX provides a sector comparison: its stated objective is to track a U.S. semiconductor-stock index. The price comparisons establish relative performance, not the cause of the selling.
AMD sells Instinct GPUs used for training and running AI models.
Nvidia Promises Continuity
Nvidia's board sought to reassure customers and investors about the transition. Chair Harvey C. Jones said the board expected the company's “operations, customer commitments and product roadmap to continue without interruption.”
Nvidia said it would report third-quarter fiscal 2027 results on Tuesday, Nov. 17, as previously scheduled.
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