Tokenized Stocks Split: AMD Jumps 33% As Crypto-Linked Stocks Suffer Another Brutal Week

Tokenized stocks split in two this week. Chipmakers led a rebound while crypto-linked names kept falling, data from CoinGecko showed on Friday, November 13.

The tokenized stock market is now worth $3.05 billion across 750 tokens from issuers such as Binance’s bStocks, xStocks and Ondo. These tokens track shares of U.S. companies and trade around the clock. About $1.4 billion of them changed hands in the past 24 hours.

We ranked the 32 companies with at least $10 million in tokenized stock outstanding by their seven-day move. Tokenized AMD led with a 33.4% gain, and chip stocks rose a median 12.5%. Crypto-linked names fell a median 8%, with Strategy down 13.6%.

The gap follows the news. Chip stocks bounced after a sharp sell-off last week, Bitcoin slid to $67,568 on Friday, and Nvidia lost its CEO.

Here are the best and worst tokenized stocks of the week, and what the leader’s chart says next.

The Tokenized Stocks Market Is Worth $3.05 Billion

A tokenized stock is a crypto token backed by a real share held by a custodian. It gives holders the price of the stock, usually without voting rights, and it can trade on weekends and overnight when Wall Street is shut.

• Biggest issuer: Binance’s bStocks, which launched in June, now hold $1.13 billion, more than a third of the market. xStocks follow with $869 million and Ondo with $554 million.

• Biggest names: SpaceX is the largest tokenized stock at $352 million across six issuers, ahead of Circle ($348 million), Nvidia ($347 million) and Alphabet ($230 million). The top 10 companies hold 69% of the market.

• Where the trading is: on Hyperliquid, a crypto exchange that lists perpetual futures on stocks, contracts tracking stocks, indexes and commodities traded $5.8 billion in the past 24 hours. That is four times the volume of all tokenized stocks combined, and Nvidia alone made up $1.9 billion.

Best Tokenized Stocks of the Week: Chipmakers Bounce Back

Eighteen of the 32 companies rose over the week, and the median move was a 4.4% gain. The top of the list belongs to chips.

• AMD, +33.4%: the best performer by far. The stock jumped about 13% on November 9 after an analyst upgrade and a bigger deal with Google Cloud, a week after record quarterly revenue of $13.4 billion. Its tokenized version is small, at $14 million.

• Broadcom +18.1%, Marvell +16.0%, Micron +13.6%, Intel +12.5%: the rest of the chip group followed. Even so, Marvell and Intel are still down 38% and 40% over 30 days, so this is a bounce inside a deeper slide.

• Tesla +14.6%, SpaceX +9.6%: both rose as talks on a SpaceX and Tesla merger moved forward. Tesla’s tokenized versions are worth $126 million.

Worst Tokenized Stocks: Crypto Names and Nvidia Lag

The losers tell the other half of the story. Five of the 10 worst performers are tied to crypto, and Bitcoin is down 9% over the same week.

• Hims & Hers, -19.6%: the worst of the group, after a surprise third-quarter loss and its first quarterly drop in subscribers.

• Strategy -13.6%, CEA Industries -13.5%: the two biggest crypto treasury companies on the list. MSCI said it will remove Strategy from its indexes, and CEA Industries holds BNB, the Binance token.

• Circle -8.7%, Coinbase -7.4%, BitMine -5.7%: the USDC issuer, the exchange and the Ether treasury company all slid with crypto prices.

• Nvidia, -9.9%: the only big chip name in the red, after CEO Jensen Huang resigned on Thursday.

Strategy’s preferred stock was the steady one. Its tokenized STRC, worth $184 million, moved just 0.1% because its dividend is adjusted to keep the price near $100.

Tokenized AMD Price Analysis: Testing the $590 Area

On the daily chart, where each candle covers one day, Hyperliquid’s 24/7 AMD contract, xyz: AMD, trades at $572.30. That is 43% above its November 5 low of $399.88. It is still 13% short of the October 6 record of $658.57.

It sits above its 50-day exponential moving average (EMA), an average that gives recent prices more weight, at $532.87. The 200-day EMA is lower at $474.48.

• Resistance: $593.84, Thursday’s high, then $658.57, the record.

• Support: $519.35, the November 11 low, then $399.88, the November 5 low.

xyz:AMD 1D chart. Source: Hyperliquid

For holders of tokenized stocks, this week was a sector bet more than a market bet. Chips bounced, while anything tied to crypto followed Bitcoin lower. Until Bitcoin steadies, the crypto names are likely to stay at the bottom of the table.