---
title: "AMD fell 8.8% Friday, erasing the jump after Jensen Huang's exit"
url: "https://etf.net/news/amd-falls-erasing-huang-exit-jump-2026-11-13"
published_at: "2026-11-13T22:08:35.896Z"
updated_at: "2026-11-13T22:08:35.896Z"
byline: "ETF.net Research"
---

# AMD fell 8.8% Friday, erasing the jump after Jensen Huang's exit

Semiconductor funds lost 3.0% to 4.1%, and a crude-tanker freight fund rose 6.3%.

By ETF.net Research. Published Nov 13, 2026.

Advanced Micro Devices fell **8.8%** on Friday, Nov. 13, to $534.06, more than erasing the 5.9% it gained Thursday, the day Jensen Huang resigned from Nvidia. Broadcom fell 4.8%, giving back most of Thursday's 5.5% gain.

[Nvidia said](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) Thursday that Huang, its founder, had resigned as president, chief executive and a board member, effective immediately, and that chief financial officer Colette Kress would be interim chief executive while the board looked for a successor. Nvidia fell 4.3% that day.

Nvidia fell another 2% on Friday, to $162.85. HSBC cut the stock to hold from buy.

Chart: AMD and Broadcom **reversed**; Nvidia kept falling

"We believe the uncertainties will prevail until a permanent succession plan is laid out and the new CEO is able to demonstrate execution capabilities," analyst Frank Lee said in a Friday note to clients, [CNBC reported](https://www.cnbc.com/2026/11/13/hsbc-downgrades-nvidia-says-stock-to-struggle-until-new-ceo-named.html).

"At first, it looked like Nvidia's pain might be the rest of the chip sector's gain," MarketWatch wrote. "But now, investors aren't so sure."

YieldMax AMD Option Income Strategy ETF AMDY fell 8.6% with AMD.

The semiconductor funds did not fall by the same amount. VanEck Semiconductor ETF SMH lost 3.0%, iShares Semiconductor ETF SOXX lost 3.6%, and Invesco Semiconductors ETF PSI lost 4.1%.

Chart: AMDY tracked AMD; the funds fell **3.0% to 4.1%**

AMD was 6.0% of SMH and 6.5% of PSI. That drop accounted for about half a percentage point in each fund.

Nvidia is 17.7% of SMH, nearly three times the AMD stake, and it fell 2%. Taiwan Semiconductor, about 10% of SMH, fell 1.7%. Together those two are more than a quarter of the portfolio, and both fell less than the fund.

PSI does not list Nvidia in its latest reported holdings. Several of its smaller chip makers fell 5% to 7%, including Tower Semiconductor, down 7.1%, and Wolfspeed, down 6.3%.

SOXX fell between the other two. AMD is its largest holding, at 10.2%, and that stake accounted for 0.9 percentage points of the 3.6% drop. Nvidia is 6.9% of SOXX, well under its weight in SMH.

Chart: PSI holds **no Nvidia**; SMH holds 17.7%

The damage was in the large stocks, not in the average S&P 500 company. Invesco S&P 500 Equal Weight ETF RSP, which holds each S&P 500 company at the same weight, rose 0.2%. State Street SPDR S&P 500 ETF SPY, which weights companies by size, fell 0.4%.

## Tanker freight

Amplify Breakwave Tanker Shipping ETF BWET rose **6.3%**, to $619. It holds futures on the cost of shipping crude, not the ships or the oil. Amplify's filings target 90% of that exposure in the Middle East-to-China route for the largest crude carriers and 10% in the West Africa-to-Europe route.

That Middle East route runs through the Strait of Hormuz. Iran's Revolutionary Guards navy said Friday that a tanker carrying liquefied natural gas struck a naval mine and exploded there, on what the Guards called an unauthorized and dangerous route, [Reuters reported](https://www.straitstimes.com/world/middle-east/iran-says-tanker-carrying-lng-hit-mine-suffered-explosion-in-hormuz). Iranian media reported Thursday that four oil tankers were hit by explosions in the same waterway.

Friday's report was a gas carrier. The fund tracks crude freight.

Source: etf.net, https://etf.net/news/amd-falls-erasing-huang-exit-jump-2026-11-13. Please cite the page URL.