The Zhitong Finance App learned that on Friday, US semiconductor stocks fell collectively, with Intel (INTC.US) falling more than 28%, AMD (AMD.US) and ARM (ARM.US) falling more than 10%, TSM.US (TSM.US) falling nearly 4%, and Nvidia (NVDA.US) falling more than 3%. According to the news, Intel released financial results for the third quarter. According to the data, Intel achieved revenue of 16.51 billion US dollars in the third quarter, up 21% from the previous year. GAAP net profit was US$3.32 billion, down 18% year on year, and diluted earnings per share of $0.60, down 33% year over year. Non-GAAP performed well, with net profit of US$2,756 billion, up 169% year over year, and earnings per share of $0.52, which greatly exceeded market expectations of $0.40. However, the company expects non-GAAP earnings per share for the fourth quarter to be only $0.25, and gross margin is expected to fall to 38%, down from 44.1% in the third quarter. Earnings prospects raise concerns in the market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.