NEW YORK.– Wall Street extended its losses on Friday, November 13, as mounting uncertainty surrounding Nvidia (NVDA -2.46%) and rising Treasury yields fueled a sharp sell-off in technology stocks. Advanced Micro Devices (NASDAQ:AMD) plunged 9.89% as selling pressure intensified across the semiconductor industry following the resignation of Nvidia CEO Jensen Huang.
Nvidia itself is expected to close out the week in the red, slipping below the $4 trillion market cap threshold. The losses extended Thursday’s decline, when The S&P 500 lost 0.4% to end at 7,592.40.
Not every stock fell: Modine Manufacturing (NYSE:MOD) surged 28.41% following reports that Samsung Electronics (OTC:SSNLF) was exploring a potential acquisition of the thermal management company.
