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AMD's AI-fueled rally lifted leveraged ETFs AMDL, AMDG, AMUU and AMDC over 50% in five days. Friday's sharp reversal put those gains to the test.
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Cerebras Systems surged 11.22% after reporting record Q3 revenue of $210.8 million (55% YoY growth) and raising 2026 guidance. The company added Microsoft as a customer alongside Oracle and Amazon. The stock rally was also supported by Nvidia CEO Jensen Huang's resignation, potentially opening market share opportunities for Cerebras.
Intel stock fell nearly 3% on Friday amid concerns about leadership changes at Nvidia. The decline reflects uncertainty about Nvidia's new interim CEO Colette Kress replacing Jensen Huang, and potential impacts on Nvidia's $13 billion Intel shareholding and their collaborative x86 CPU development. Investors are cautious until the situation clarifies.
CoreWeave shares fell 6.13% on November 13, 2026, as investors weighed concerns about the company's $4 billion loan pursuits against its strong 168% revenue growth. The decline was triggered by uncertainty following Nvidia CEO Jensen Huang's resignation and worries about CoreWeave's escalating debt burden exceeding $40 billion. Despite impressive Q3 results and doubled 2026 revenue guidance, debt and leverage concerns remain central to investor sentiment.
An insider at Advanced Micro Devices, Inc. sold shares of the company's stock valued at approximately $5.08 million, according to a recent SEC filing.
AMD stock dropped 8.75% on November 13, 2026, reversing early AI-driven gains as profit-taking swept through the semiconductor sector. Despite the daily decline, AMD remains up significantly for the week following strong Q3 earnings with nearly doubled data-center sales. The sell-off reflects broader uncertainty around Nvidia ahead of its earnings report, though AMD's underlying business fundamentals remain strong with continued AI data-center growth expected.
Nvidia shares fell 2.01% to $162.85 following an HSBC downgrade to 'hold' amid CEO leadership uncertainty after Jensen Huang's resignation. HSBC analyst Frank Lee cut the price target from $375 to $170, citing concerns about permanent CEO appointment and potential export restrictions on 11% of revenue from outside the U.S. and Taiwan. The market awaits Nvidia's earnings report on Nov. 17, the first without Huang.