<div id="readability-page-1" class="page"><div>US equity indices were slightly higher on Wednesday after the Federal Reserve held its rates unchanged, as largely expected, while markets awaited earnings results from major AI players after the bell.The S&amp;P and the Dow were marginally higher after the former breached the 7,000 threshold for the first time in history, and strong performances for chip producers lifted the Nasdaq 100 by 0.4%.The Fed paused its cutting cycle and indicated it sees risks to both rising inflation and unemployment, maintaining market bets of two cuts this year.Texas Instruments soared 8% after beating Wall Street estimates, supporting Micron and Intel to jump between 6% and 12%, also supported by strong orders by ASML. In turn, Microsoft, Meta, and Tesla inched down ahead of their results publishing after the bell.Outside tech, Starbucks jumped 6% and AT&amp;T rose 5% following their results.</div></div>

Meta Q4 Earnings

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

US equity indices saw slight gains on Wednesday after the Federal Reserve kept interest rates unchanged. The S&P 500 surpassed 7,000 for the first time, while the Nasdaq 100 rose 0.4% due to strong chip producer performances. Texas Instruments surged 8% after exceeding estimates, boosting Micron and Intel. Microsoft, Meta, and Tesla saw minor declines ahead of their earnings reports. Outside tech, Starbucks and AT&T rose 6% and 5%, respectively, following their results.

- US equity indices experienced slight gains after the Federal Reserve maintained interest rates.  
- The S&P 500 surpassed the 7,000 mark for the first time, and chip producers boosted the Nasdaq 100, which rose by 0.4%.  
- Texas Instruments' strong earnings led to significant increases in Micron and Intel shares, while Starbucks and AT&T also saw gains following their results.

US Stocks Hold Muted Gains After Fed