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All told, the stock has slid 36% lower in 2024 while larger rival Taiwan Semiconductor Manufacturing posted a 73% price gain. The core reason behind GlobalFoundries' droopy stock chart is simple.
Nevertheless, GlobalFoundries shares were headed down with the rest of the stock market in early 2022. The stock reached $50 a share on February 23, dropping from $66.73 at the start of the year ...
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GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. [4] Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company , a sovereign wealth fund of the ...
GLOBALFOUNDRIES (GFS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. Why GLOBALFOUNDRIES (GFS) Stock Might be a Great Pick Skip ...
Alongside electric-vehicle maker Rivian's stock market debut, GlobalFoundries is expected to headline an unusually crowded year-end IPO schedule. GlobalFoundries seeks $25 billion valuation in U.S ...
GlobalFoundries Inc (NASDAQ:GFS) stock gained after it reported its quarterly earnings Tuesday. The company’s fiscal first-quarter 2024 revenue declined 16% year-on-year to $1.55 billion ...
The beaten-down semiconductor company's earnings were better than the market feared.