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The Latest Breaking News from GlobalFoundries

Why is the US about to give away $52bn to corporations like Intel?

The Chips Act would provide an enormous subsidy to chipmakers for making their chips in the US. This is extortion

The Guardian - US

GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030. The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

Benzinga

Where GLOBALFOUNDRIES Stands With Analysts

Analysts have provided the following ratings for GLOBALFOUNDRIES (NASDAQ:GFS) within the last quarter:

Benzinga

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Stock Market Tries To Bounce From Fresh 2022 Lows; Tesla CEO Elon Musk Puts Twitter Deal 'On Hold': Weekly Review

The major indexes fell to fresh 2022 lows before bouncing late in the week. Tesla CEO Elon Musk put his Twitter deal "on hold."

Investors Business Daily

Nasdaq Underperforms, Dow Jones Turns Negative After New Inflation Data

The Nasdaq gave back all of Tuesday's gains and led the downside after April inflation data came in hotter than expected.

Investors Business Daily

Needham Maintains Buy Rating for GLOBALFOUNDRIES: Here's What You Need To Know

Needham has decided to maintain its Buy rating of GLOBALFOUNDRIES (NASDAQ:GFS) and lower its price target from $87.00 to $70.00. Shares of GLOBALFOUNDRIES are trading down 5.06% over the last 24 hours, at $50.06 per share. A move to $70.00 would account for a 39.83% increase from the current share…

Benzinga

GlobalFoundries Crushes Earnings Target On Better-Than-Expected Sales

Contract chipmaker GlobalFoundries late Tuesday crushed Wall Street's earnings target for the first quarter on better-than-expected sales.

Investors Business Daily

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Analyst Ratings for GLOBALFOUNDRIES

GLOBALFOUNDRIES (NASDAQ:GFS) has observed the following analyst ratings within the last quarter:

Benzinga

Dow Jones Falls As Tesla Surges On Stock Split Plan; Bitcoin Jumps Above $47,000

The Dow Jones Industrial Average fell Monday, as Tesla stock surged on a stock split plan. The price of Bitcoin jumped over the weekend.

Investors Business Daily

Semiconductor Stock Analyst Sweet On MANGO Portfolio Of Top Chipmakers

With semiconductor stocks bouncing back, one analyst has assembled a portfolio of high-conviction names investors should consider.

Investors Business Daily

Globalfoundries Stock Sees Composite Rating Climb To 96

On Friday, Globalfoundries got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.

Investors Business Daily

Dow Jones Climbs As Apple Nears Buy Point; Tesla Rival Nio Skids On Earnings

The Dow Jones Industrial Average rallied Friday, as Apple stock approaches a buy point. Tesla rival Nio skidded on earnings results.

Investors Business Daily

Dow Jones Rebounds From Wednesday's Losses; 5 Top Stocks To Buy And Watch

The Dow Jones Industrial Average rallied Thursday, looking to rebound from Wednesday's sharp losses. Treasury yields continued higher.

Investors Business Daily

Dow Jones Slides As Oil Prices Jump; Apple, Tesla Show New Buy Points

The Dow Jones Industrial Average dropped Wednesday, as U.S. oil prices jumped above $113 a barrel. Tesla stock shows a new buy point.

Investors Business Daily

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Investors Business Daily

Dow Jones Rallies As Treasury Yields Extend Gains, Nike Jumps On Earnings

The Dow Jones Industrial Average rallied Tuesday, as the 10-year Treasury yield continues to rise. Nike jumped on strong earnings results.

Investors Business Daily

Dow Jones Futures: Stock Market Falls On Powell Comments; 6 Top Stocks To Buy And Watch

Dow Jones futures were higher Tuesday after Monday's stock market fall. Fed Chief Powell said that inflation is too high.

StockNews.com

3 Red-Hot Semiconductor Stocks to Add to Your Watchlist: Rambus, GlobalFoundries, and Kulicke & Soffa

The escalating war between Ukraine and Russia has exacerbated ongoing global supply chain issues and price increases for semiconductor chips. The industry is nonetheless expected to thrive, however, due to rising investments to ramp up production and heightened demand for semiconductor chips in electric vehicles (EVs) and consumer electronics industries.…

Investors Business Daily

Dow Jones Falls As Oil Prices, Treasury Yields Jump; Boeing Stock Slumps On Airplane Crash

The Dow Jones Industrial Average fell Monday, as oil prices jumped above $108 a barrel. Boeing slumped after a Boeing 737 crashed in China.

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Investors Business Daily

Dow Jones Drops Ahead Of Biden-Xi Call; Oil Prices Extend Gains

The Dow Jones Industrial Average dropped Friday ahead of a call between President Biden and Chinese leader Xi Jinping.

Investors Business Daily

GlobalFoundries Stock Surges Amid Heightened Demand For Chips

Contract chipmaker GlobalFoundries is riding high amid heightened demand for semiconductor products during the global chip shortage.

Benzinga

Here's Why Morgan Stanley Prefers Globalfoundries Over Intel

Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ:GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside). Moore downgraded Intel Corp (NASDAQ:INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the…

Investors Business Daily

Chipmaker GlobalFoundries Beats Fourth-Quarter Goals, Points Higher

Contract chipmaker GlobalFoundries late Tuesday beat Wall Street's targets for the fourth quarter. GlobalFoundries stock jumped in extended trading.

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