AMD shares plunge amid sector sell‑off after Nvidia CEO resignation
Advanced Micro Devices fell sharply on November 13, 2026, as investors unwound a rally that had lifted the stock nearly 50% in the prior week. The drop followed Nvidia’s chief executive stepping down, which sparked broader concerns about regulatory scrutiny of AI‑chip exporters. The sell‑off was compounded by profit‑taking after a multi‑day rally in the semiconductor sector.
Why it matters
The sharp decline reduces AMD’s market value and may trigger stop‑loss orders for traders exposed to AI‑chip stocks. The sector‑wide risk perception could also dampen demand for AMD’s data‑center products, affecting revenue expectations, according to the company’s filing.
Key facts
- 1AMD shares fell 8.75% to $534.06 per share. news.jkn.co.kr
- 2The stock closed $51.24 lower than the prior close of $585.30. news.jkn.co.kr
- 3Trading volume was 48,584,729 shares. news.jkn.co.kr
- 4Q3 2026 revenue was $13.4 billion. fool.com
- 5Data‑center sales nearly doubled year over year. news.jkn.co.kr
- 6The S&P 500 fell 0.40% to 7,561.67. news.jkn.co.kr
Open questions
- Different sources report varying percentage declines: 7.3%, 6.46%, 10.8%, 11%.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.