Nvidia stock slips as investors digest CEO exit, broader chip sell-off accelerates Ines Ferré · Senior Business Reporter Fri, November 13, 2026 at 4:04 PM EST 1 min read NVDA -2.50% ASML -0.21% AMD -9.80% TSM -2.09% AVGO -5.51% 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 2% on Friday amid a sell-off in the semiconductor sector while investors digested the exit of Jensen Huang as CEO of the AI chip heavyweight. The stock closed 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 and revenue growing 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 8%. Peers Broadcom (AVGO) and Intel (INTC) fell 4% and 2%, respectively.
Go deeper with AlphaSpace 162.85 -3.34 (-2.01%) At close: 4:00:01 PM EST 162.03 -0.82 (-0.50%) After hours: 4:10:00 PM EST NVDA AMD AVGO Shares of Taiwan Semiconductor Manufacturing Company (TSM), which manufactures Nvidia chips, fell more than 1%. Semiconductor equipment maker ASML (ASML) was little changed.
Storage maker Sandisk (SNDK) stock extended declines from the prior session, falling roughly 5%. Shares of memory chipmakers Micron Technology (MU) and SK Hynix (SKHY) also tanked 2% and 4%, respectively.
