Business · Markets · 4 hrs ago
Chip stocks fall as investors weigh possible US export controls
Investors sold semiconductor shares on Friday, putting pressure on US technology stocks.
The Nasdaq 100, which has a large weighting of chip and other technology companies, fell 1.22%, while the S&P 500 slipped 0.40%.
Nvidia shares fell as much as 2%, and other major chipmakers also lost ground.
The selling came amid concern that political scrutiny of Nvidia could prompt tighter US controls on advanced chip exports to China.
US House Speaker Mike Johnson has backed stricter export checks, and analysts said Congress could intensify its investigations.
The Nasdaq 100 still gained 3.6% for the week, despite Friday’s decline.
Nvidia was due to report its financial results the following week, while the potential policy effects could reach beyond that announcement.
Chip stocks fell on Friday as investors worried that political pressure over Nvidia could lead to tighter US controls on exports to China.
The Philadelphia Semiconductor Index fell 3.4 percent.
Major chipmakers including AMD, Applied Materials, Micron and Broadcom lost between 2.5 and 8.8 percent.
Nvidia shares fell, with reports putting the decline at about 1 percent and 2 percent.
The Nasdaq 100 fell 1.22 percent to 27,943.74 points, though it gained 3.6 percent over the week.
- Who
- Chip companies including AMD, Applied Materials, Micron, Broadcom and Nvidia saw their shares fall.
- What
- Chip stocks fell as investors weighed the possibility of stricter US export controls.
- When
- Friday, November 13, 2026.
- Where
- US markets, including Wall Street and the Nasdaq.
- Why
- Investors feared that political pressure following turbulence around Nvidia could lead to stricter controls on semiconductor exports to China.
This story does not have two clearly opposing sides.
Cisco and another technology company reported results after US markets closed.
Chip stocks fell amid concerns about possible US export controls, while the Philadelphia Semiconductor Index lost 3.4 percent.
Nvidia is due to present its business results.
- Philadelphia Semiconductor Index
- Fell 3.4 percent
- Nasdaq 100
- Fell 1.22 percent to 27,943.74 points
- AMD, Applied Materials, Micron and Broadcom
- Shares fell between 2.5 and 8.8 percent
- Nvidia
- Shares fell about 1 percent according to Handelsblatt and 2 percent according to cash.ch
- Nvidia earnings
- Expected the following week
3 sources
What people are saying
The political consequences could extend far beyond Nvidia’s next quarterly report.
The US government’s stance on China seems to be hardening.