Stocks to Watch Recap: Intel, Nvidia, Amgen, LVMH

Chip stocks cooled after a blistering rally, triggering a broader selloff in AI-related names that weighed on the market. Intel — up more than 200% year-to-date — was among the hardest hit, sliding 6.2%. Semiconductor-equipment maker Applied Materials said it now expects stronger sales this year amid rising AI-computing demand, yet its shares fell about 0.9% amid the pullback. Biotech Amgen slipped 2.2% after reports that 20 people in Japan died after taking its Tavneos drug, adding sector-specific news pressure. The moves reflect profit-taking and rotation following recent gains in AI and chip exposures, with implications for related suppliers and indices sensitive to technology stocks.