The Latest Breaking News from GlobalFoundries

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

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

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

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.…

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

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

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

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…

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