--- title: "AMD rises 13%, Nvidia falls 4%, and semiconductor funds split with them" url: "https://etf.net/news/amd-rises-13-nvidia-falls-4-2026-11-09" published_at: "2026-11-09T22:09:55.286Z" updated_at: "2026-11-09T22:09:55.286Z" byline: "ETF.net Research" --- # AMD rises 13%, Nvidia falls 4%, and semiconductor funds split with them Oppenheimer raised its rating on AMD, Nvidia's board opened an investigation of chief executive Jensen Huang, and optics stocks rebounded from last week's selloff. By ETF.net Research. Published Nov 9, 2026. Advanced Micro Devices rose **13.3%** on Monday and Nvidia fell **4.3%**. The semiconductor funds all rose, and Nvidia's weight sorted the gains. Invesco Semiconductors ETF PSI rose 9.5%. It does not hold Nvidia. The iShares Semiconductor ETF SOXX rose 7.5%. AMD is its largest holding, at 9.5%, and Nvidia is 8.4%. The VanEck Semiconductor ETF SMH rose 5.1%, with Nvidia at 20.7% and AMD at 5.4%. Chart: Monday gains **shrank** as Nvidia weight rose Oppenheimer raised its rating on AMD and set a $600 price target, [CNBC reported](https://www.cnbc.com/2026/11/08/stock-market-today-live-updates.html). That is 34% above Friday's close of $449.04. "We are raising estimates and upgrading shares of AMD on the heels of another bullish earnings call and recent fireside chat we hosted," analyst Rick Schafer said Sunday in a note, [CNBC reported](https://www.cnbc.com/2026/11/08/stock-market-today-live-updates.html). YieldMax AMD Option Income Strategy ETF AMDY, an options fund tied to AMD, rose 12.7%. [CNBC](https://www.cnbc.com/2026/11/08/stock-market-today-live-updates.html) and the Wall Street Journal tied Nvidia's drop to a board investigation of chief executive Jensen Huang. CNBC reported that Huang told staff he had an affair with a businesswoman whom U.S. intelligence agencies allege is a Chinese spy. The board [said](https://nvidianews.nvidia.com/news/statement-from-nvidia-board-of-directors) Sunday it had no reason to believe national security or Nvidia's secrets were compromised, and that it had confidence in Huang. ## Optics stocks rebound Coherent rose 16.8% and Lumentum rose 10.7%. [CNBC](https://www.cnbc.com/2026/11/09/stock-market-movers-live-updates.html) called Coherent's surge part of a rebound in the equipment behind the artificial intelligence build-out, after last week's selling took the Nasdaq Composite more than 10% below its most recent high. Tuttle Capital Pure Play Photonics ETF FOTO rose 11.8%, and Roundhill Investments' Roundhill Photonics & Optics ETF LYTE rose 11.3%. ## AeroVironment gets more drone work AeroVironment rose 12.6% after the company [said](https://investor.avinc.com/news-releases/news-release-details/av-secures-approximately-315-million-award-under-940-million) a U.S. customer had awarded it about $315 million of work under a contract that can reach $940 million. ## AST and Rakuten plan a Japan satellite network AST SpaceMobile rose 14.1%. Rakuten and AST [said](https://global.rakuten.com/corp/news/press/2026/1109_01.html) they would form a venture to build a satellite-to-smartphone network in Japan, with up to about $1 billion from Japan's Ministry of Internal Affairs and Communications. ## Crude falls after Trump plays down Iran strikes President Donald Trump said Sunday he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progressed, [CNBC reported](https://www.cnbc.com/2026/11/09/oil-falls-as-trump-says-new-iran-attacks-unlikely.html). After the stock close, Brent crude was $92.13 a barrel, down 6.3% from Friday's settle. WTI crude was $86.37, down 4.9% from that settle. American Airlines rose 7.4%, United Airlines 6.8% and Delta Air Lines 5.3%. [CNBC](https://www.cnbc.com/2026/11/09/stock-market-movers-live-updates.html) tied the airline gains to the drop in oil. The U.S. Global Jets ETF JETS rose 5.2%. ## Tanker freight kept falling Amplify's Breakwave Tanker Shipping ETF BWET fell **13.8%**. It tracks crude-tanker freight futures, not the oil. Bloomberg reported Monday that the cost of shipping oil kept falling, though rates were still very high. Source: etf.net, https://etf.net/news/amd-rises-13-nvidia-falls-4-2026-11-09. Please cite the page URL.