AMD Stocks Fall 6.46% After 30% Weekly Surge on Nvidia Leadership Shock Khac Phu Nguyen Fri, November 13, 2026 at 12:22 PM EST 1 min read AMD -10.15% NVDA -2.91% AVGO -5.05% 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.
Advanced Micro Devices (NASDAQ:AMD) shares fell 6.46% to $547.52 as of 9:53 a.m. ET in Friday's regular session on November 13, handing back part of a run fueled by Jensen Huang's exit from Nvidia. The chipmaker had gained about 30% this week through Thursday, including a 5.86% jump on Thursday, as money rotated toward rival AI processor designers.
Warning! GuruFocus has detected 7 Warning Signs with AMD.
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The rally rested on a simple idea. Mizuho's Farzin Azam told IBTimes that chip designers without Nvidia's leadership problems should win, naming AMD and Broadcom. The bear case also got louder. Burry wrote on Substack that he doubled his Nasdaq 100 puts and rebuilt part of a short on a semiconductor ETF, arguing chip valuations "still have a ways to fall," according to 24/7 Wall St. Friday's drop of about $38 a share removes roughly $60 billion from AMD's $929.5 billion market value.
The rotation trade assumes Nvidia customers will move orders, but AI clusters are planned quarters ahead and switching costs are real. If Nvidia holds its outlook on Tuesday, more of this week's gain could unwind. The GuruFocus chart shows a GF Score of 82/100, pairing a solid balance sheet and strong momentum with profitability that trails the AI leaders. GF Value is $317.12, so the shares trade 72.7% above GuruFocus's estimate and carry a "Significantly Overvalued" label. That premium leaves little room for a slip. The next test is Nvidia's November 17 report, then any new hyperscaler commitments for AMD's data center GPUs.
