Shang Hai Zheng Quan Bao·2025-10-24 00:59Core Points - The U.S. stock market indices collectively rose, driven by strong performance in technology stocks, with the Nasdaq increasing by nearly 1% [2][3] - Intel reported a recovery in revenue growth for Q3, leading to a significant after-hours stock price increase of over 9% [7][10] - Conversely, STMicroelectronics experienced a sharp decline of 13.26% in its stock price due to disappointing earnings guidance [11][12] Group 1: Market Performance - The major U.S. stock indices closed higher, with the Dow Jones up 0.31% at 46,734.61 points, the S&P 500 up 0.58% at 6,738.44 points, and the Nasdaq up 0.89% at 22,941.8 points [3] - Large-cap technology stocks generally saw gains, with notable increases in Micron Technology (over 4%), Tesla (over 2%), and Amazon (over 1%) [5] Group 2: Intel's Performance - Intel's Q3 revenue reached $13.65 billion, a year-on-year increase of 2.8%, marking the first quarterly revenue growth in 18 months [8] - The adjusted gross margin for Q3 was 40%, exceeding market expectations of 35.7%, and the adjusted earnings per share were $0.23, compared to a loss of $0.46 in the same period last year [8] - Intel's CFO indicated strong chip demand, particularly from data center operators needing to upgrade CPUs to support advanced AI applications, with expectations of continued supply constraints until 2026 [9] Group 3: STMicroelectronics' Performance - STMicroelectronics reported a Q3 revenue decline of 2% to $3.187 billion, with net income dropping from $351 million to $267 million [12] - The company's Q4 revenue guidance of $3.28 billion fell short of analyst expectations of $3.35 billion, raising concerns about the sustainability of recovery in the semiconductor industry [12] - The CEO noted signs of market recovery but announced a reduction in the 2025 capital expenditure plan to below $2 billion, down from previous expectations of $2 billion to $2.3 billion [12]