[STMicroelectronics Plunges Over 18% to Hit a Two-Month Low, Q3 Revenue Guidance Misses Expectations] According to a report by Jinse Finance, on July 23, STMicroelectronics (STM.US) plummeted over 18%, hitting a low of $53.66, marking its lowest point since late April this year. On the news front, STMicroelectronics announced second-quarter net revenue of $3.49 billion, slightly exceeding market expectations; net profit was $222 million, with gross profit nearing $1.22 billion and a gross margin of 34.8%. The company expects third-quarter revenue to be approximately $3.7 billion (guidance midpoint), below analysts' average expectation of $3.9 billion; gross margin is estimated at around 37%, slightly higher than analysts' forecast of 36.76%. Citi analyst Andrew Gardiner pointed out that the financial report indicates that recovery in end markets such as automotive and industrial sectors is still progressing, while AI and data center businesses continue to grow rapidly. However, market expectations and valuations have already risen in tandem. With limited room for further upward revisions in earnings forecasts, the stock price faces short-term correction pressure.