AMD Shares Drop Over 10% Amid Nvidia Leadership Scandal and Sector Sell-off

Advanced Micro Devices (AMD) shares fell 10.8% on Friday, November 13, 2026, as the semiconductor sector faced a broad sell-off. The decline follows the sudden resignation of Nvidia CEO Jensen Huang amid personal scandals and allegations that company chips were illegally diverted to China in violation of export controls. While AMD initially saw gains from expectations that customers might pivot AI chip orders toward competitors, investor sentiment shifted toward systemic industry risk. Concerns are mounting that federal regulators or Congress may investigate whether Nvidia executives were aware of illegal shipments to China, potentially triggering stricter oversight for the entire chip sector. Additionally, some of the decline is attributed to profit-taking following a nearly 50% rally in AMD's stock over the preceding week.

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