QQQ Falls 1.96% as Chip Rout Fuels Market Jitters

US stocks fell on Friday, 13 November, as selling across semiconductor and artificial-intelligence infrastructure shares dragged QQQ down 1.96% to $674.69 almost two hours into the session. SPY declined 0.88% to $750.43, leaving technology shares under substantially heavier pressure than the broader market.

Chip losses spread across the supply chain

AMD slid 9.32% to $530.73. Marvell lost 7.78%, Arm fell 7.53% and Broadcom declined 6.54%. Chip-equipment maker Applied Materials dropped 6.46%, while Teradyne lost 7.28%.

The retreat extended beyond chipmakers. Nebius fell 12.51% to $112.55 and CoreWeave dropped 10.95% to $50.40. Coherent lost 8.81%, Sandisk declined 8.48% and Dell shed 7.73%, putting cloud infrastructure, optical components, storage and servers under pressure together.

Technology fund VGT fell 2.56%. Growth-stock fund VUG lost 1.49%, compared with a much smaller 0.15% decline for value-stock fund VTV. Total-market fund VTI was down 0.90%. The contrast showed the selloff weighing more heavily on technology and growth than on value shares.

Volatility-linked and inverse funds climb

Market jitters were reflected in an 11.14% rise in UVIX to $38.21. Volatility Shares describes the fund as targeting twice the daily performance of an index of VIX futures; its share-price gain is therefore distinct from a move in the VIX itself [1].

SQQQ gained 5.91%, QID rose 4.05% and PSQ advanced 1.99%. Semiconductor bear fund SOXS climbed 17.91%. ProShares says SQQQ targets three times the inverse daily performance of the Nasdaq-100 before fees and expenses [2].

Losses were amplified in bullish leveraged funds: TQQQ fell 5.83%, while the two-times-long Nebius fund NEBX plunged 25.67%. Its bearish counterpart NBIZ rose 24.97%. These were fund returns, separate from the underlying shares or index moves.

There were pockets of resilience: tanker-shipping fund BWET rose 5.04%, while broad bond fund BND was unchanged.

Sources: [1] Volatility Shares · [2] ProShares; accessed 13 November 2026.