Weekly Market Recap: Stocks Rebound as Nvidia Slides and a Chip Rally Unwinds (Nov. 9–13)
By Tech & Money Press · Weekly market recap · Week of November 9–13, 2026 · Published Saturday, November 14
U.S. stocks posted their first winning week in about a month, even though the market’s biggest company had its worst week in a long time. The S&P 500 ETF (SPY) closed Friday at $754.37, up 2.6% from the prior Friday’s close of $735.29. The Nasdaq 100 ETF (QQQ) rose 3.6% to $679.89, the Dow ETF (DIA) gained 2.1% to $523.15 and the small-cap Russell 2000 ETF (IWM) added 1.4% to $277.54, according to Webull data.
The Associated Press said the S&P 500’s 2.5% weekly gain was its first winning week since October and its biggest weekly gain since August.
The week had three big themes: a rebound after a sharp sell-off the week before, a leadership shock at Nvidia that pushed money into other chip stocks, and inflation data that kept a December Federal Reserve rate hike in play. On Friday afternoon an air traffic control failure added a fourth.
| ETF | Nov. 6 close | Nov. 13 close | Week |
|---|---|---|---|
| SPY (S&P 500) | $735.29 | $754.37 | +2.6% |
| QQQ (Nasdaq 100) | $656.10 | $679.89 | +3.6% |
| DIA (Dow) | $512.22 | $523.15 | +2.1% |
| IWM (Russell 2000) | $273.67 | $277.54 | +1.4% |
Source: Webull regular-session closes.
Monday’s rebound set the tone
Most of the week’s gain came on Monday. SPY rose 2.4% that day, from $735.29 to $752.69, per Webull. CNBC reported that oil prices fell on Monday, with Brent crude down 5.85% to $92.57 a barrel, and that chip shares rallied.
After that, stocks went sideways. SPY’s high for the week was $763.04 on Thursday, and it finished Friday 0.4% lower, at $754.37. It is still below the Nov. 4 high of $775.64 and well above the Nov. 5 low of $732.71, the bottom of the previous week’s sell-off.
SPDR S&P 500 ETF (SPY) daily chart with recent highs and lows. Data: Webull.
Nvidia’s CEO exit, and a rotation inside chips
On Thursday, Nov. 12, Nvidia announced that Jensen Huang had resigned as president, chief executive and board member, effective immediately. Chief financial officer Colette Kress became interim CEO and remains CFO while the board searches for a permanent successor, the company said. Harvey C. Jones was named the board’s first chair.
Nvidia closed the week at $162.85, down 12.8% from $186.64 a week earlier and about 33% below its 52-week high of $243.37, per Webull. Nvidia said it will still report fiscal third-quarter results on Tuesday, Nov. 17, as scheduled.
Money did not leave chips. It moved within them. AMD rose 18.9% for the week, to $534.06, and Broadcom rose 18.2%, to $347.01. Applied Materials gained 11.4%, Taiwan Semiconductor 6.2%, Dell 4.9% and Cisco 1.9%, according to Webull closes.
Most of those gains came before Friday. From the Nov. 5 close of $404.40, AMD rose 44.7% in five sessions, to $585.30 on Thursday. On Friday it fell 8.8%. Dell fell 7.2%, Cisco 6.2% and Broadcom 4.8% the same day. We covered that session in our AMD story, including a Bloomberg report about Dell servers with restricted Nvidia chips.
| Stock | Week | Friday | Nov. 13 close |
|---|---|---|---|
| AMD | +18.9% | −8.8% | $534.06 |
| Broadcom (AVGO) | +18.2% | −4.8% | $347.01 |
| Applied Materials (AMAT) | +11.4% | −2.7% | $370.50 |
| Dell (DELL) | +4.9% | −7.2% | $344.53 |
| Cisco (CSCO) | +1.9% | −6.2% | $95.64 |
| Nvidia (NVDA) | −12.8% | −2.0% | $162.85 |
Source: Webull regular-session closes. Weekly change is from the Nov. 6 close.
Advanced Micro Devices (AMD) daily chart with recent highs and lows. Data: Webull.
Two earnings reports from the AI supply chain
Two big AI hardware suppliers reported on Thursday after the close. Both beat estimates. Both stocks fell on Friday.
- Cisco: record revenue of $18.5 billion, up 24%, and adjusted EPS of $1.40, against LSEG estimates of $18.1 billion and $1.33, per the company and CNBC. Cisco raised its fiscal 2027 revenue outlook to $74.8 billion to $75.8 billion. It also raised its target for AI infrastructure revenue from hyperscalers to $9 billion. (Our Cisco story)
- Applied Materials: record revenue of $10.41 billion, up 53%, and adjusted EPS of $4.16, per the company. The Wall Street Journal’s estimates were $10.30 billion and $4.06, Quartz reported. Applied guided fiscal first-quarter revenue to about $11.1 billion, plus or minus $500 million. (Our Applied Materials story)
Inflation kept the Fed in focus
Two inflation reports came out this week, and neither cooled expectations for a December rate hike.
- October CPI (Tuesday): consumer prices rose 0.4% in October and core prices rose 0.3%, the Bureau of Labor Statistics said. The BLS did not publish 12-month changes for October because it did not collect October 2025 data during the 2025 funding lapse.
- October PPI (Friday): wholesale prices rose 0.3%, a bit below the 0.4% forecast. Over 12 months they rose 6.5%, the largest annual increase since November 2022, per the BLS. (Our PPI story)
After the PPI report, CNBC said markets were still fully pricing in at least a quarter-point Fed rate hike at the Dec. 8–9 meeting.
Friday’s FAA ground stop, and where it stands now
At about 4 p.m. ET on Friday, the Federal Aviation Administration stopped departing flights nationwide after a communications failure at air traffic control centers. Transportation Secretary Sean Duffy said routers were “overloaded with data” and gave controllers inconsistent information, Reuters reported. Reuters and CNBC both called it the longest nationwide ground stop since the Sept. 11, 2001, attacks. Officials said there was no evidence of a cyberattack.
Update, Saturday: The ground stop was lifted at 8:15 p.m. ET Friday, according to Duffy, as reported by Reuters. The FAA’s National Airspace System status page showed no nationwide ground stop late Saturday morning. Only possible local programs at some airports were listed. Delays and cancellations are continuing, though. FlightAware counted more than 3,700 U.S. cancellations for Saturday as of 9:40 a.m. ET, on top of about 9,000 on Friday, CNBC reported. Some of those were weather-related, CNBC said. Flight trackers report different totals.
The stop began just before the closing bell, so airline shares mostly moved after hours. United closed Friday at $109.31, down 3.0% for the week, and Delta at $86.25, down 1.1%, per Webull. Both fell further in after-hours trading. Monday is the first full session since the stop. (Our FAA story)
What’s Next
- Nvidia earnings, Tuesday, Nov. 17: results at about 1:20 p.m. PT and a call at 2 p.m. PT, per Nvidia. It will be the first report under interim CEO Colette Kress.
- Airlines on Monday: the first full trading day since the ground stop, as carriers work through the backlog ahead of Thanksgiving travel.
- The Fed, Dec. 8–9: the next rate decision. The November CPI comes out Dec. 10 and the November PPI Dec. 15, according to the BLS schedule.
Our stocks to watch for Monday will be posted Sunday evening.
Disclaimer: This article is for news and educational purposes only and is not financial advice. Price levels are shown as reference points from past trading, not as recommendations to buy or sell. Tech & Money Press is not a registered investment advisor. Trading stocks involves risk, including the loss of your investment. Do your own research and consult a licensed professional before making any investment decisions. For news and education only. Not financial advice.
Sources: Webull (daily bars and Nov. 13 closes, retrieved Nov. 14, 2026); NVIDIA newsroom (Nov. 12, 2026); U.S. Bureau of Labor Statistics CPI and PPI releases (Nov. 10 and Nov. 13, 2026); Cisco and Applied Materials press releases (Nov. 12, 2026); CNBC; Reuters; Associated Press; Quartz; FAA National Airspace System status page (checked Nov. 14, 2026, about 11 a.m. ET).
Cover photo: sergeitokmakov / Pixabay.