U.S. Stocks in Motion | Q4 Guidance Far Below Market Expectations, Intel (INTC.US) Falls Over 28% After Earnings

Zhito Finance APP has learned that on Friday, U.S. semiconductor stocks fell collectively. Intel (INTC.US) dropped over 28%, AMD (AMD.US) and ARM (ARM.US) fell over 10%, TSMC (TSM.US) dropped nearly 4%, and Nvidia (NVDA.US) fell over 3%. In terms of news, Intel released its third-quarter financial report. Data showed that Intel achieved revenue of $16.51 billion in the third quarter, up 21% year-over-year. Net profit under GAAP was $3.32 billion, down 18% year-over-year, and diluted earnings per share were $0.60, down 33% year-over-year. Non-GAAP performance was strong, with net profit of $2.756 billion, up 169% year-over-year, and earnings per share of $0.52, significantly exceeding the market expectation of $0.40. However, the company expects fourth-quarter non-GAAP earnings per share of only $0.25, with gross margin expected to drop to 38%, below the third quarter's 44.1%, and the profit outlook has triggered market concerns.