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US Stock Analysis and Analyst Forecasts — November 13, 2026

Chip stocks extended their slide as Nvidia fell another 2% on new reports about its former CEO and AMD dropped almost 9%, Cisco gave back its post-earnings pop to close about 6% lower, and a cooler monthly wholesale-price reading still left a December Fed rate hike in focus.

None of the following is our own view on any stock — it is a same-day record of market action, analyst activity and company news across the tracked universe on Friday, November 13, 2026.

U.S. equities ended a choppy session mostly lower as the artificial intelligence trade lost ground for a second day. The Nasdaq Composite fell about 0.91% and the S&P 500 about 0.40%, while the Dow Jones Industrial Average edged up about 0.10%. Even so, all three major indexes finished the week roughly 2% higher. Stocks first rose on the October producer price index, which climbed 0.3% for the month against the 0.4% economists expected, but the same report put the annual rate at 6.5%, the fastest since November 2022, which kept expectations alive for another Federal Reserve rate increase at the December 9 policy meeting.

Nvidia (NVDA) remained the center of attention, closing down about 2% at $162.85 after the previous session's roughly 4% drop. Fresh reports about further personal relationships involving former chief executive Jensen Huang, who resigned on Thursday, weighed on the shares, as did reports that the board had not yet hired a search firm for a permanent successor. A separate report said the board had approached Arm Holdings (ARM) chief executive Rene Haas, a former Nvidia employee, as one of several possible candidates, with no guarantee of an offer or acceptance; Arm shares fell about 4.6%. The wider analyst group remains positive on Nvidia overall, with 28 Buy and eight Hold ratings over the past three months and an average price target of about $263.

Selling spread across the semiconductor group. Advanced Micro Devices (AMD), a standout gainer on Thursday, reversed and closed down about 8.8% at $534.06. Intel (INTC) and Micron (MU) each lost about 2.5%, and memory peers Sandisk and SK hynix, which sit outside our tracked universe, also fell sharply in early trading. AI infrastructure names CoreWeave and Nebius, also untracked, were among the day's laggards, along with Amazon (AMZN) and Alphabet (GOOGL), which each slipped about 1% or less.

Cisco Systems (CSCO) could not hold its early gains. After the close on Thursday the company reported fiscal first-quarter adjusted earnings of $1.40 per share against a $1.33 consensus, and revenue up 24% from a year earlier to $18.5 billion versus about $18.1 billion expected. It guided second-quarter revenue to $18.0 billion to $18.2 billion and adjusted earnings to $1.34 to $1.36 per share, both above analyst estimates, and lifted its AI infrastructure revenue goal for the fiscal year to $9 billion. The stock opened higher but closed down about 6.2% at $95.64. Evercore ISI kept a positive rating with a $150 price target, while another firm held its $110 target, noting slower order growth alongside the strong results.

Investors rotated toward defensive sectors. Consumer staples led the market, with Walmart (WMT) up about 1.5%, Coca-Cola (KO) up about 1.9%, and Costco (COST) and Procter & Gamble (PG) each gaining about 1% during the session. Visa (V) rose about 1.4%, Johnson & Johnson (JNJ) about 0.9% and Airbnb (ABNB) about 3.1%. AppLovin and Modine, both outside the tracked universe, gained about 3.9% and 28% respectively, the latter after announcing a November 18 analyst and investor day.

Looking ahead, Palo Alto Networks (PANW) reports fiscal first-quarter results on November 18, with options markets pricing a move of about 11% in either direction, and Walmart (WMT) follows on November 19.

As always: a price target is one firm's estimate rather than a forecast of what a stock will do, a single report can move a stock far from where the consensus sits, and none of this is a recommendation to buy or sell anything.

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Published 2026-11-13. Market commentary, not investment advice. Prices are delayed end-of-day data.