---
title: "Chip Stocks Routed — Philadelphia Semiconductor Index Slides Over 5%, Nasdaq Falls 1.7%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/305501395.md"
description: "AMD plunges over 10%, wiping out roughly $100 billion in market cap; Nvidia drops over 3%. Microsoft outage drags on while Apple and Coca-Cola hit all-time highs."
datetime: "2026-11-13T20:21:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/305501395.md)
  - [en](https://longbridge.com/en/news/305501395.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/305501395.md)
generator: "portal-rs"
---

# Chip Stocks Routed — Philadelphia Semiconductor Index Slides Over 5%, Nasdaq Falls 1.7%

U.S. equities traded broadly lower on November 13, with all three major indexes in the red. The Nasdaq 100 fell **1.7%** by midday, while the S&P 500 and the Dow also declined. The Philadelphia Semiconductor Index tumbled more than **5%**, weighing heavily on the broader market.

Semiconductor names bore the brunt of the selling. AMD (**AMD**) led the rout, plunging over **10%** and shedding roughly **$100 billion** in market cap. Nvidia (**NVDA**) dropped more than **3%**, Micron Technology (**MU**) fell over **5%**, Broadcom lost more than **6%**, and both Intel and Marvell Technology slid over **5%**. Boston Fed President Collins hinted during the session that further monetary tightening may be needed, with the higher-for-longer rate environment pressuring growth stocks. On Nvidia specifically, FactSet's latest survey showed the median analyst price target trimmed to **$281** from **$300**, while Wedbush lowered its target from **$345** to **$275** but maintained an Outperform rating. Retail investors, however, bought the dip, pouring a net **$111 million** into Nvidia in the first half hour of Thursday's session.

**Microsoft outage stretches past 20 hours; shares edge lower**

Microsoft (**MSFT**) slipped roughly **0.3%** to **$521.66** as a massive global service disruption affecting more than **70** countries knocked Outlook, Teams, Copilot, and other key services offline. Services are gradually being restored. Analysts estimate the incident could carry a financial impact of **$100 million to $400 million** for Microsoft, with global productivity losses reaching at least **$7 billion**.

**Apple and Coca-Cola buck the trend, hitting record highs**

As tech came under pressure, Apple (**AAPL**) and Coca-Cola (**KO**) both notched fresh all-time highs. Apple attracted flows on the strength of its steady hardware and services revenue, coupled with relatively modest AI infrastructure spending requirements. Coca-Cola, a consumer-staples bellwether, stood out amid the volatility. Both names are long-held Buffett favorites.

On the macro front, Chicago Fed President Goolsbee stressed that the central bank must do more to tame inflation and restore credibility. The day's PPI reading came in below expectations, briefly sparking buying across equities, bonds, and cryptocurrencies.

### Related Stocks

- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
- [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md)
- [KO.US](https://longbridge.com/en/quote/KO.US.md)

## Related News & Research

- [Nvidia vs. Micron: One AI Stock Faces an Uncertain Future, While the Other Is Worth Buying, Says Top Analyst](https://longbridge.com/en/news/305184851.md)
- [AMD Stock Upgraded as AI Chip Rival Nvidia Spirals](https://longbridge.com/en/news/305353939.md)
- [Donald Trump's investment team sold Micron. Here's what investors should know before following the money.](https://longbridge.com/en/news/304732629.md)
- [Nvidia vs. Microsoft: One Stock Is Too Cheap to Ignore, the Other Deserves a Downgrade, Says Top Investor](https://longbridge.com/en/news/304904737.md)
- [AMD 2027 Revenue Projected to Grow Over 80%, Stock May Challenge $700 in Next 12 Months](https://longbridge.com/en/news/305500543.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**