The Zhitong Finance App learned that on Friday, the US optical communications sector generally fell, with Mwell Technology (MRVL.US) falling 7%, with a cumulative decline of more than 20% over two days; Lumentum (LITE.US) and Coherent (COHR.US) fell more than 11%, and Corning (GLW.US) fell nearly 4%. According to the news, Intel released its third quarter earnings report. The fourth quarter guidance fell short of expectations. The stock price fell sharply. At one point, the intraday drop was more than 30%, and the company's market value evaporated by more than 137 billion US dollars. It is expected to record the biggest one-day decline on record when the market closes tomorrow. At the same time, the company warned that problems such as the weak PC market and rising memory prices may continue until the first half of 2027. The current fall in stock prices also affected other semiconductor companies. Shares of companies such as AMD, Arm, Nvidia, Broadcom, Qualcomm, and Micron also fell to varying degrees, reflecting investors' concerns about PC demand, memory costs, and the semiconductor industry's short-term growth prospects.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Friday, the US optical communications sector generally fell, with Mwell Technology (MRVL.US) falling 7%, with a cumulative decline of more than 20% over two days; Lumentum (LITE.US) and Coherent (COHR.US) fell more than 11%, and Corning (GLW.US) fell nearly 4%. According to the news, Intel released its third quarter earnings report. The fourth quarter guidance fell short of expectations. The stock price fell sharply. At one point, the intraday drop was more than 30%, and the company's market value evaporated by more than 137 billion US dollars. It is expected to record the biggest one-day decline on record when the market closes tomorrow. At the same time, the company warned that problems such as the weak PC market and rising memory prices may continue until the first half of 2027. The current fall in stock prices also affected other semiconductor companies. Shares of companies such as AMD, Arm, Nvidia, Broadcom, Qualcomm, and Micron also fell to varying degrees, reflecting investors' concerns about PC demand, memory costs, and the semiconductor industry's short-term growth prospects.
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