On October 30, Intel's stock continued to decline after the market opened, falling over 30% to $64.40 per share, with a total market capitalization of $342 billion, resulting in an evaporation of nearly $150 billion in market value. The company reported third-quarter revenue of $16.5 billion, a 21% year-over-year increase, and a non-GAAP earnings per share of $0.52. However, the company expects a non-GAAP earnings per share of only $0.25 for the fourth quarter, with a gross margin projected to drop to 38%, down from 44.1% in the third quarter, raising concerns about its profit outlook.
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Intel (INTC.O) Shares Drop Exceeds 30%
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He Yi: Withdrawal Resumption Expected in 42 Hours, Affected Assets Totaling $6.3 Billion
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Spot Gold Drops 2% Intraday
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President Trump: The Iran War Will End Soon, Regardless of the Means
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Central Bank: Continue to Implement Moderately Loose Monetary Policy and Maintain Ample Liquidity
On October 30, Pan Gongsheng, Secretary of the Party Committee and Governor of the People's Bank of China, presided over a Party Committee meeting. The meeting emphasized the continuation of a moderately loose monetary policy, the comprehensive use of various monetary policy tools, and the maintenance of ample liquidity. It aims to effectively implement the 'Five Major Financial Tasks,' accelerate the construction of a multi-level modern financial market system, enhance the adaptability of financial services to the real economy, and better support economic transformation, upgrading, and the transition of growth momentum. It also focuses on effectively preventing and resolving financial risks in key areas. The meeting called for expanding high-level financial openness, promoting the internationalization of the renminbi, and accelerating the construction and development of a multi-channel, widely covered cross-border payment system for the renminbi. It reaffirmed the commitment to firmly safeguard national financial security. -
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