RJ Fulton, The Motley Fool Fri, November 13, 2026 at 12:35 PM EST 3 min read AMD -10.62% NVDA -3.18% GC=F +0.10% ^GSPC -0.77% ^DJI -0.15% 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.
Wall Street extended its losses on Friday, November 13, as mounting uncertainty surrounding Nvidia (NASDAQ:NVDA) and rising Treasury yields fueled a sharp sell-off in technology stocks. As of 11:31 a.m. ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) led major indexes lower, falling 1.45% to 24,998, while the S&P 500 (SNPINDEX:^GSPC) declined 0.82% to 7,530. The Dow Jones Industrial Average (DJINDICES:^DJI) proved more resilient, slipping just 0.12% to 52,234 as investors rotated away from high-growth technology companies.
Meanwhile, the benchmark 10-year Treasury yield climbed to 5.10%, adding pressure to equity valuations following another round of inflation data. Gold edged 0.13% lower to $3,880.40, while defensive consumer stocks outperformed. Technology and real estate shares suffered some of the steepest losses, highlighting growing concerns about elevated borrowing costs and the outlook for economic growth.
Advanced Micro Devices (NASDAQ:AMD) plunged 9.89% as selling pressure intensified across the semiconductor industry following the resignation of Nvidia CEO Jensen Huang. Cisco Systems (NASDAQ:CSCO) also declined 5.70%, reflecting broader weakness in enterprise technology stocks.
Elsewhere, Modine Manufacturing (NYSE:MOD) surged 28.41% following reports that Samsung Electronics (OTC:SSNLF) was exploring a potential acquisition of the thermal management company. Nu Holdings (NYSE:NU) also bucked the broader market decline, climbing 10.95% as investors favored select financial technology stocks.
Friday's sell-off underscores the growing vulnerability of the AI trade to both company-specific uncertainty and tighter financial conditions. Nvidia's leadership transition has raised questions about the future of the industry's dominant chipmaker, while renewed selling in AMD and other semiconductor stocks suggests concerns are spreading across the broader AI supply chain. With Nvidia scheduled to report earnings next week, investors will be looking for reassurance that demand, product development, and customer spending remain intact despite the leadership shakeup.
Meanwhile, the 10-year Treasury yield's climb above 5% presents a significant challenge for equity valuations. Higher yields increase the attractiveness of fixed-income investments and raise the cost of financing future growth, particularly for capital-intensive technology companies. Although the rotation toward defensive sectors suggests investors are becoming more cautious, a sustained market recovery will likely depend on stabilizing yields, resilient corporate earnings, and greater clarity surrounding Federal Reserve policy.
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RJ Fulton has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Cisco Systems, Goldman Sachs Group, Modine Manufacturing, Nu Holdings, and Nvidia. The Motley Fool recommends Robinhood Markets. The Motley Fool has a disclosure policy.
Stock Market Midday, Nov. 13: Nasdaq Plunges as Nvidia Turmoil Deepens and Treasury Yields Hit 5% was originally published by The Motley Fool
