By WSJ Staff
Intel $(INTC)$, Nvidia (NVDA), Advanced Micro Devices $(AMD)$: Chip stocks retreated premarket, following a ferocious rally in their shares. Intel, whose shares are up more than 200% this year through Thursday, is among the hardest hit, falling more than 4%.
Applied Materials $(AMAT)$: The semiconductor-equipment maker expects stronger sales this year than it previously forecast as demand for AI computing continues to surge. Still, its shares fell premarket amid a broader selloff in AI-related stocks.
LVMH Moet Hennessy Louis Vuitton (FR:MC): The French luxury-goods group agreed to sell the fashion brand Marc Jacobs to WHP Global and G-III Apparel Group in a $850 million deal. Shares ticked down in Paris.
Stellantis (STLA, IT:STLAM): The company has struck another deal with a Chinese automaker, this time partnering with Dongfeng Group to produce electric vehicles under the Peugeot and Jeep brands in China. Shares retreated in Italy.
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(END) Dow Jones Newswires
May 15, 2026 05:04 ET (09:04 GMT)
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