Nvidia falls as its chief executive resigns, and AMD and Broadcom rise
In our data, new sells jumped to 61 from 13 on Wednesday, and only 6 came from Technology.
Finactiq data as of the close on Thursday, November 12, 2026.
Nvidia fell after its chief executive, Jensen Huang, resigned with immediate effect, while AMD and Broadcom rose as investors saw room for rivals to win its business. Our signals show the selling came mostly from other parts of the market.
What happened on Thursday
Nvidia finished down 4.3%. Analysts cut their price targets, and next week's earnings call is seen as the next test for the stock. AMD gained 5.9%, helped by an analyst upgrade, and Broadcom 5.5%.
Stocks slipped, with the Nasdaq-100 ETF (QQQ) down 0.3%, the S&P 500 ETF (SPY) down 0.4% and the semiconductor ETF, SMH, down 1.0%. Small caps fell furthest, with the Russell 2000 ETF (IWM) down 1.6%. Nebius dropped 16.8% after it lowered its revenue outlook for the year, blaming delays in third-party data center construction, and CoreWeave and IREN also declined.
After the close, the chip ETF was up 1.0% as of 7:55pm ET.
What the Finactiq data says
New sells jumped to 61 from 13 on Wednesday, while new buys fell to 14 from 27. Our daily sentiment gauge slipped to 60 from 62, still in positive territory.
The selling did not come from chips. 61% of the new sells sat in Consumer Cyclical and Financial Services, while Technology had 6 new sells against 6 new buys. Consumer Cyclical fell the most by sector, down 8 points, and 6 sectors fell against 1 that rose. I am watching whether new sells stay this high before the week is out.
What is on the calendar
Friday, November 13 (8:30am ET): October PPI (Producer prices)
Tuesday, November 17 (8:30am ET): October Retail sales (Consumer spending)
Where to go next
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