AI Hardware Stocks Sold Off Hard on November 13, 2026

As seen on the 24/7 Wall St. homepage on November 13, 2026.

Biggest movers · At the close
Gainers
  • BROSDutch Bros$35.98+6.7%
  • DUOLDuolingo$165.6+5.2%
  • APPSDigital Turbine$7.63+4.5%
  • APPAppLovin$408.82+3.9%
  • LMNDLemonade$44.38+3.2%
Losers
  • AMDAMD$535.83-8.4%
  • FNFabrinet$325.92-7.9%
  • IQiQIYI$0.83-7.3%
  • IRENIREN$18.07-7.2%
  • DELLDell Technologies$344.53-7.2%

The pain at Thursday's close clustered in AI hardware, with AMD down 8.45% and Fabrinet, IREN and Dell all off more than 7%. Consumer and app names went the other way, led by Dutch Bros at +6.67%.

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The AI hardware trade repriced in a single session, with AMD down 8.45% and Fabrinet, Dell Technologies and IREN all falling more than 7%.

Losses spanning chip design, optical networking, server assembly and data center mining point to a shift in sentiment toward AI capital spending rather than company-specific news.

iQIYI also fell 7.28%, though the Chinese streaming platform sits apart from the hardware group.

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Money moved into consumer and app-economy names, with Dutch Bros, Duolingo, AppLovin, Digital Turbine and Lemonade all higher, which suggests rotation rather than a broad market retreat.

Keep an eye on AMD and Fabrinet, the clearest proxies for AI chip demand outside Nvidia and for hyperscaler optical buildout. Their next few sessions decide whether this was a one-day shakeout or a wider re-rating.

Sources

Mentioned: AMD, APPS, FN, DUOL, DELL, LMND, IQ, APP, BROS, IREN

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  • IONQIonQ$29.21-5.3%
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  • ACHRArcher Aviation$4.33-11.1%
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Gainers
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  • CRWVCoreWeave$54.03-11.1%
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  • IRENIREN$19.46-6.6%

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