Stock Market Today, Nov. 13: AMD Sinks 8.75% on Sector AI-Chip Sell-Off After Early Gains Reverse
On Nov. 13, 2026, the chipmaker's shares gave back early AI-driven gains as profit-taking swept through the sector and volume ran far above normal.
On November 13, Advanced Micro Devices (AMD) experienced a significant 8.75% drop in its stock price due to a sector-wide AI-chip sell-off, following early gains. The semiconductor giant's shares closed at $534.06, down significantly from their earlier rise. Trading volume for September 13th reached 48.6 million shares, nearly double the three-month average of 24.6 million shares. Meanwhile, the S&P 500 fell 0.40% to 7,562, and the Nasdaq Composite dropped 0.91% to 25,136.
Nvidia, a key player in the AI-chip market, also saw a decline of 2.01%, closing at $162.85. Intel was not far behind, with its shares down 2.52%, closing at $59.66. This sector-wide rotation pressure impacted AMD stock, which had been trading upwards of 30% this week despite the decline. AMD reported strong revenue of $13.4 billion in its third quarter, with data-center sales nearly doubling compared to the previous year.
Investors should not be overly concerned about Friday's performance, as AMD remains strong due to the ongoing data center segment growth. The company's long growth runway is expected to persist as long as AI-related data center demand continues to rise.
Analysts believe AMD's stock could potentially benefit from Nvidia's internal struggles following the departure of Jensen Huang. However, investors should focus on AMD's strong underlying business and the continued growth of the AI-related data center sector. The Motley Fool's Stock Advisor service, which has delivered a market-crushing 831% total average return, recommends AMD as one of the 10 best stocks to buy right now.
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