Business · Markets · 1 hr ago
Nvidia fall leads selloff in US technology stocks
US stocks fell on Friday as investors sold technology shares.
Nvidia shares dropped 4.3% after CEO Jensen Huang resigned on Thursday, following scrutiny of his relationship with a businesswoman suspected by the US of spying for Beijing.
Chip and AI-related stocks also slid, with the Philadelphia semiconductor index down 6% and several chip and data-centre companies losing value.
Nvidia's central role in the AI boom has raised concerns about the wider trade in AI stocks.
Inflation remains a concern, as producer prices rose 6.5% over the year to October despite coming in slightly below expectations.
Anthropic's IPO is expected next week, and investors will watch whether demand for its shares leads them to sell established AI stocks.
US technology stocks fell on Friday as turmoil around Nvidia reignited a selloff in AI-related shares.
Nvidia shares dropped 4.3%, while the Philadelphia semiconductor index fell 5.1% to 6%.
The Nasdaq Composite was down 1.74% at 11:23 a.m. ET, and the tech sector was the biggest loser on the S&P 500.
The selloff followed Nvidia CEO Jensen Huang’s departure, though the articles give different accounts of the circumstances.
Investors were also watching Nvidia’s quarterly earnings and Anthropic’s planned public-market debut next week.
- Who
- Nvidia and other US technology and AI-related companies, alongside investors.
- What
- Technology shares fell in a selloff led by Nvidia and semiconductor stocks.
- When
- Friday, November 13, 2026.
- Where
- US stock markets, including the New York Stock Exchange and Nasdaq.
- Why
- Fresh concerns about Nvidia and AI-sector financing unsettled investors; the articles give different accounts of the circumstances surrounding CEO Jensen Huang’s departure.
This story does not have two clearly opposing sides.
Nvidia CEO Jensen Huang stepped down, according to the Globe and Mail, which said the move followed revelations of extramarital affairs.
Nvidia and other technology shares fell as concerns about the company and AI-sector financing rattled investors.
Nvidia’s quarterly earnings and Anthropic’s planned public-market debut are expected to be potential catalysts for sentiment towards AI.
- Nvidia shares
- Down 4.3%
- Philadelphia semiconductor index
- Down 5.1% to 6% in the reports
- Nasdaq Composite
- Down 1.74% to 24,923.79 at 11:23 a.m. ET
- Advanced Micro Devices
- Down 10% to 10.7% in the reports
- Producer Price Index
- October final-demand prices rose 6.5% year over year
2 sources
What people are saying
It’s a short-term death blow to the industry because the amount of vendor financing and financing guarantees that Nvidia and Jensen Huang stepped into are now over
You have no idea what to expect from Nvidia. That’s the problem. This company is pure uncertainty right now.
Something that will be interesting to see is if all the supply of new equity is going to be absorbed in a way that doesn't result in selling other AI stocks to kind of fund that
That's definitely not good, especially on the heels of a rotten CPI (Consumer Price Index) number earlier this week. It shows that inflation continues to be a problem.