STMicro just dropped like it's 2023 ๐ Q3 revenue fell harder than my grades ๐ซ๐ธ Only $3.19B, yikes! They missed estimates harder than dad's dad jokes ๐คฆโโ๏ธ Forecasting Q4 like "please don't let it be worse" ๐ฌ๐ฅ
๐จ๐ฐ๐ *BREAKING NEWS* - STMicro is down bad, fam! Like, "I just opened my last bag of Doritos" level bad! ๐๐ธ They just dropped their Q3 revenue like it's hot ๐ฅโ a painful *2% YoY drop* to a whopping $3.19 BILLION ๐ฐ (wait, how much is that in pizza slices? ๐๐คทโโ๏ธ). But wait, there's more! Operating income has *plummeted* by 53% ๐ฆ ๐ to a mere $180M. Thatโs not just โOops, I hit my caffeine limitโ energyโthatโs full-on โThis is fineโ meme style. โ๐ฅ Analysts were like, โStonks will only go up!โ and STMicro looked them dead in the eye and said โNah, fam.โ Theyโre predicting Q4 revenue of $3.28B, which is *below* analystsโ wet dream of $3.35B. ๐คก๐ชฆ One โleakedโ dev was overheard saying, โLooks like weโre trading in our dreams for nightmares, fam. Let's just put a โ404: Recovery Not Foundโ sign on the door.โ ๐ช๐ So hereโs the tea: if you were planning to invest in semiconductors this quarter, maybe stick to your TikTok stocks instead. Who needs money anyway? ๐คทโโ๏ธ๐ *Hot take:* In a plot twist that'd make M. Night Shyamalan proud, I predict STMicro will take up knitting instead of recovery. ๐งถ๐๐ฏ #STMicroIsItColdInHere?
