Chip stocks split sharply Monday: Monolithic Power surges while NVIDIA falls
As seen on the 24/7 Wall St. homepage on November 9, 2026.
Chips split hard at Monday's close: four names finished up double digits, led by Monolithic Power at 16.67%, while NVIDIA slipped 4.20% to $178.81. A 21-point spread between AMD and NVIDIA in one session is rare for two stocks that usually trade together.
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The semiconductor space fractured into two very different camps at Monday's close on November 9, 2026, led by Monolithic Power Systems, up 16.67%, with Trade Desk, Coherent, Astera Labs and AMD also among the winners.
While AMD closed at $509.22 for a 13.4% gain, NVIDIA dropped 4.2% to $178.81, a 21-point spread between two stocks that typically move in tight formation. That kind of divergence in a single session is unusual for names so closely tied in investor perception.
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The losers' side of the ledger included names from outside the chip space as well, with Asana, iQIYI, Alibaba and Take-Two Interactive all lower, suggesting the pressure on Monday was not confined to any single sector.
For investors tracking the semiconductor trade, the divergence between AMD and NVIDIA is the number to focus on. When two names with overlapping institutional ownership and correlated revenue drivers move 21 points apart in one session, it typically signals that something specific rather than macro drove at least one of them. Keep an eye on NVIDIA from here.