---
title: "Nvidia fell 12.7% this week. Semiconductor funds rose, and are still below late October."
url: "https://etf.net/news/nvidia-falls-chip-funds-rise-2026-11-13"
published_at: "2026-11-13T22:58:20.040Z"
updated_at: "2026-11-13T22:58:20.040Z"
byline: "ETF.net Research"
---

# Nvidia fell 12.7% this week. Semiconductor funds rose, and are still below late October.

Advanced Micro Devices gained 18.9% and Broadcom 18.2%. Funds holding less Nvidia rose more, and iShares Semiconductor ETF is still 5.0% below its Oct. 30 close.

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

Nvidia fell **12.7%** from the Nov. 6 close to Friday, Nov. 13. Advanced Micro Devices rose **18.9%**, and Broadcom rose 18.2%.

Semiconductor funds rose with them. The gain did not undo last week.

Invesco Semiconductors ETF PSI holds no Nvidia, and it rose 10.8%. iShares Semiconductor ETF SOXX rose 9.4%, with Nvidia at 6.9% of the fund and Advanced Micro Devices the largest holding, at 10.2%. VanEck Semiconductor ETF SMH rose 4.9%, with Nvidia at 17.7%.

All three are still below their Oct. 30 closes, by more where the fund held more Nvidia. PSI is 3.7% under, SOXX is **5.0%** under, and SMH is 6.8% under. SOXX had fallen 13.1% from that Oct. 30 close to Nov. 6.

State Street SPDR S&P 500 ETF SPY rose 2.6%. Invesco QQQ Trust, Series 1 QQQ rose 3.6%. Both rose less than any of the three.

Chart: **AMD** rose 18.9%. Nvidia fell 12.7%.

## The five sessions

Advanced Micro Devices rose every session from Monday through Thursday, including 13.3% on Monday and 5.9% on Thursday, then fell 8.8% on Friday, Nov. 13.

[AMD said](https://ir.amd.com/news-events/press-releases/detail/1304/amd-epyc-expands-its-leadership-at-the-foundation-of-ai) on Monday that its fifth-generation EPYC processors are powering the host infrastructure for Google Cloud TPU 8tx, a system built around Google's own AI chips. The stock rose 13.3% that day.

Nvidia fell in four of the five sessions. Tuesday's drop, 5.5%, was the largest. Wednesday, up 2.9%, was the only gain.

Chart: **AMD** climbed four days. Nvidia fell in four.

On Thursday, Nov. 12, [Nvidia said](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) Jensen Huang had resigned as president, chief executive and a member of the board, effective immediately. Colette Kress, the chief financial officer, agreed to serve as interim chief executive.

The New York Times reported the shares were down as much as 14% that morning. They closed 4.3% lower.

SOXX fell 3.7% on Friday and still finished the week up 9.4%.

## Yields, bonds and bitcoin

On Tuesday the [U.S. Bureau of Labor Statistics said](https://www.bls.gov/news.release/archives/cpi_11102026.htm) October consumer prices rose 0.4% from the month before, after 0.6% in September. Economists polled by Reuters had expected 0.3%. Core prices, leaving out food and energy, rose 0.3%.

[Christopher Waller](https://www.federalreserve.gov/newsevents/speech/waller20261110a.htm), a governor of the U.S. Federal Reserve, had spoken in London before the number came out. He was leaning toward a quarter-point increase in December even if the monthly rate improved. If core inflation was around 0.3% or higher, he said, a half-point increase should be considered.

"I believe a 50 basis point hike in the policy rate should be considered at the December meeting."

Core inflation came in at that 0.3%. The 10-year U.S. Treasury yield rose from 4.86% on Nov. 6 to 5.15% on Friday, 29 basis points. Reuters tied the rise in yields that day to the inflation report and Waller's comments.

Longer-term Treasurys fell with the yield. iShares 20+ Year Treasury Bond ETF TLT lost 3.1%, and iShares Core U.S. Aggregate Bond ETF AGG lost 1.5%.

iShares Bitcoin Trust ETF IBIT lost 9.2%. Bloomberg reported Friday that bitcoin fell below $70,000 as rising bond yields weighed on cryptocurrencies.

A semiconductor fund's gain this week still depended on how much Nvidia it held. PSI, SOXX and SMH are all still below their Oct. 30 closes.

Source: etf.net, https://etf.net/news/nvidia-falls-chip-funds-rise-2026-11-13. Please cite the page URL.