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Chip stocks slide as Nvidia CEO exit prompts a rethink of the AI trade

· 6 sources

Chip stocks including AMD and Micron fell after news of Nvidia's CEO exit, with investors now watching Nvidia's earnings due Tuesday, outlets report.

What happened

Chip stocks came under pressure on Nov. 13 after news that Nvidia's CEO is leaving, according to MarketWatch, Blockonomi and The Motley Fool. MarketWatch says Wall Street is rethinking the AI trade without Jensen Huang.

The Motley Fool reports that AMD fell 8.75% in a sector-wide AI-chip sell-off, after early gains reversed. Blockonomi reports that Micron slipped 1.7% as the Nvidia news weighed on the group, following a 16% gain over the week.

Blockonomi also points to Micron buybacks starting Dec. 9 and Nvidia earnings on Tuesday as items in focus. Morningstar describes the situation at Nvidia as a crisis in its investor coverage.

Context

Nvidia is a leading supplier of AI chips, so developments at the company often influence how investors view other semiconductor makers.

Why it matters

The episode shows how leadership news at one major chipmaker can spread across the sector, including AMD and Micron.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Advanced Micro DevicesAMD

−8.75%

Technology · NASDAQ

Live price
$534.06▼ -8.75%

live price · USD

Close on November 13
$534.06−8.75% vs. previous close ($585.30)
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $431.75 and $613.08; 9 in 10, between $316.40 and $836.58.
See the full ATLAS analysis of Advanced Micro Devices →

NVIDIANVDA

−2.01%

Technology · NASDAQ

Live price
$162.85▼ -2.01%

live price · USD

Close on November 13
$162.85−2.01% vs. previous close ($166.19)
Fair value (ATLAS)
$164.32Fair range: $119.90 to $214.75The price ($162.85) is 0.9% below that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $147.62 and $177.48; 9 in 10, between $125.38 and $208.96.
See the full ATLAS analysis of NVIDIA →

Micron TechnologyMU

−2.52%

Technology · NASDAQ

Live price
$778.31▼ -2.52%

live price · USD

Close on November 13
$778.31−2.52% vs. previous close ($798.44)
Fair value (ATLAS)
$362.01Fair range: $98.64 to $558.38The price ($778.31) is 115.0% above that figure.
Chance of a rise in 1 month
45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $650.82 and $882.38; 9 in 10, between $496.91 and $1,155.68.
See the full ATLAS analysis of Micron Technology →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

  1. Micron (MU) Stock Slips as Nvidia CEO Exit Tests Its 16% Weekly Gain · Blockonomi · November 13, 2026
  2. AMD and other chip stocks slide as Wall Street rethinks the AI trade without Jensen Huang · MarketWatch · November 13, 2026
  3. Stock Market Today, Nov. 13: AMD Sinks 8.75% on Sector AI-Chip Sell-Off After Early Gains Reverse · The Motley Fool · November 14, 2026
  4. Investor Focus: Nvidia CEO Crisis, Anthropic IPO Valuation, and Undervalued UK Stocks After Earnings · Morningstar · November 14, 2026
  5. Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Cornerstone Advisors LLC · MarketBeat · November 14, 2026
  6. Smart Investor: What’s Next for Nvidia, Undervalued Earnings Crushers, and is Anthropic a Buy? · Morningstar · November 14, 2026

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Latest market news · Markets today on ATLAS · Advanced Micro Devices · NVIDIA · Micron Technology

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer

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