Nvidia stock slips as investors digest CEO exit, broader chip sell-off accelerates Ines Ferré · Senior Business Reporter Fri, November 13, 2026 at 11:23 AM EST 1 min read NVDA -3.81% ASML -1.53% AMD -10.05% AVGO -6.53% INTC -5.41% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NVDA) stock slipped more than 4% on Friday as a sell-off in the semiconductor sector accelerated, and investors digested the exit of Jensen Huang as CEO of the AI chip heavyweight. The stock is expected to close out the week in the red, slipping below the $4 trillion market cap threshold. Some strategists point to a compelling valuation given Nvidia's forward PE [price-to-earnings] ratio of 13, with revenue growing at 60% year-over-year.
"We think the stock has support at $165 per share, and sentiment is extremely negative," said James Demmert, chief investment officer at Main Street Research, on Friday morning.
Shares of chipmakers AMD (AMD) dropped to session lows, sinking as much as 10%. Peers Broadcom (AVGO) and Intel (INTC) fell 6% and 5%, respectively.
Go deeper with AlphaSpace 159.85 -6.34 (-3.81%) As of 11:25:26 AM EST. Market Open. NVDA AMD AVGO Shares of Taiwan Semiconductor Manufacturing Company (TSM), which manufactures Nvidia chips, fell more than 3%. Semiconductor equipment maker ASML (ASML) was down 2%.
Storage maker Sandisk (SNDK) stock extended declines from the prior session, falling 9%. Shares of memory chipmakers Micron Technology (MU) and SK Hynix (SKHY) also tanked 5% and 6%, respectively.
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