News
GFS
49.32
-3.65%
-1.87
Stocks Fall on Heightened Geopolitical Risks in the Middle East
Dow Jones Industrials fall to a 2-month low as stocks extend losses. Chinese trade news today was weaker than expected. Chip makers are under pressure after a report the Chinese government wants to replace foreign chips in their networks by 2027. Risk aversion has fueled safe-haven demand for gold and pushed gold prices to a record high. European government bond yields are moving lower. University of Michigan US Apr consumer sentiment falls more than expected and inflation expectations rise.
Barchart · 7h ago
War Jitters in the Middle East Prompt Stock Selling and Risk Aversion
Stock indexes this morning are sliding, with the Dow Jones Industrials falling to a 2-month low. Geopolitical tensions have fueled risk aversion and sparked long liquidation in stocks today. Chinese trade news today was weaker than expected. Chip makers are under pressure after China orders domestic telecom carriers to replace foreign chips in core networks by 2027. Q1 bank earnings results today have been mixed. Gold prices are rallying to a record high on safe-haven demand for gold. 10-year German bunds and European government bond yields are down.
Barchart · 8h ago
Technology Stocks Power the Broader Market Higher
Technology stocks led the overall market higher Thursday. Apple closed up more than +4% as chip stocks rallied. The S&P 500 closed up 0.74% and the Nasdaq 100 posted a 1-week high. The ECB held interest rates steady for a fifth consecutive meeting. The 10-year T-note yield rose to a new 4-3/4 month high on hawkish comments from the Fed. Stocks found support after US producer prices rose at a slower-than-expected pace in March.
Barchart · 1d ago
What TSMC, Intel, and GlobalFoundries Stock Investors Should Know About Recent CHIPS Act Updates
Semiconductor manufacturers are starting to receive direct funding from the U.S. CHIPS Act. Taiwan Semiconductor Manufacturing (TSM 0.56%) and other semiconductor companies are impacted. In this video, I discuss recent updates impacting the industry. Check out the short video to learn more.
The Motley Fool · 1d ago
Stocks Retreat as Bond Yields Surge on US Price Pressures
US March CPI came in hotter than expected for a third straight month. The S&P 500 index closes down -0.95%, the Dow Jones industrials down -1.09%. A surge in T-note yields and a jump in inflation expectations hurt stocks Wednesday. The stronger-than-expected Mar CPI report also reduced Fed rate cut expectations.
Barchart · 2d ago
Stocks Tumble as Sticky US CPI Curbs the Outlook for Fed Rate Cuts
S&P 500 falls to a 3-week low and the Dow Jones Industrials drops to a 1-1/2 month low. Stronger-than-expected US Mar CPI report hammered T-note prices and reduced Fed rate cut expectations. Q1 corporate earnings season begins with JPMorgan Chase on Friday. European government bond yields today are moving higher.
Barchart · 2d ago
Stocks Sink as US CPI Tops Forecasts
S&P 500 falls to a 3-week low and Dow Jones Industrials drop to a 1-1/2 month low. Stronger-than-expected US Mar CPI comes in hotter than expected for a third straight month. The 10-year T-note yields jump to a 5-month high after the report. Fed rate cut expectations are also undercutting stocks. Q1 corporate earnings season begins this Friday.
Barchart · 2d ago
What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?
Analyst Vivek Arya introduced a novel grouping in the semiconductor sector known as MANGO to mirror success of FAANG stocks. The MANGO portfolio includes Marvell Technology, Advanced Micro Devices, Nvidia, Broadcom and On Semiconductor. Nvidia leads the pack with a surge of +220.78% in one year.
Benzinga · 3d ago
Stocks Rebound as Bond Yields Fall Ahead of Wednesday’s US CPI Report
The S&P 500 index closes up 0.14% on Tuesday. The broader market found support from a decline in bond yields. Earnings season begins this Friday with results from big banks. The US CPI report on Wednesday could affect expectations for the Fed's first rate cut.
Barchart · 3d ago
Micron could get $5B in CHIPs Act funding, Citi says
Micron Technology could get $5B in CHIPs Act funding, Citi says. Taiwan Semiconductor will receive grants and loans from the act. Micron announced two new fabs in the U.S. After the act was signed into law in 2022. The act is designed to help boost domestic semiconductor production.
Seeking Alpha · 3d ago
Stocks Retreat on Risk Aversion Ahead of Wednesday’s US CPI Report
S&P 500 Index is down -0.76% this morning ahead of Wednesday's US CPI report. Nvidia is down more than -4% and is weighing on chip stocks and the broad market. European stock markets today are mixed as investors are cautious ahead of the Q1 corporate earnings season.
Barchart · 3d ago
Stocks Mixed Before Wednesday’s US CPI Report
Weakness in telecommunication stocks is weighing on the Dow Jones Industrials. The broader market is finding support today from a decline in bond yields. Investors are cautious ahead of Wednesday's US CPI report. Q1 corporate earnings season begins in earnest this Friday with results from big banks. Chip stocks are moving higher on decline in T-note yields. The S&P 500 Index this morning is up +0.07%; European stock markets are mixed.
Barchart · 3d ago
GlobalFoundries Cut to Neutral From Overweight by Cantor Fitzgerald
Dow Jones · 4d ago
GlobalFoundries Price Target Cut to $55.00/Share From $70.00 by Cantor Fitzgerald
Dow Jones · 4d ago
Cantor Fitzgerald Downgrades GLOBALFOUNDRIES to Neutral, Lowers Price Target to $55
Benzinga · 4d ago
Applied Materials replaces GlobalFoundries in Cantor's top 5 list ahead of earnings season
Tech Applied Materials replaces GlobalFoundries in Cantor's top 5 list ahead of earnings season. Cantor Fitzgerald upgraded Applied Materials to Overweight and downgraded GlobalFoundry to Neutral. The firm remains Overweight on Semiconductors and Semiconductor Equipment industry. Cantor's new top picks list now consists of Nvidia, Western Digital and Applied Materials.
Seeking Alpha · 4d ago
Weekly Report: what happened at GFS last week (0401-0405)?
Weekly Report · 4d ago
Stocks Mixed on Rising Bond Yields
Positive corporate news is boosting the overall market. Tesla is up more than +4% after CEO Musk said the company will unveil its robotaxis on Aug 8. The 10-year T-note yield rose to a 4-1/2 month high today. European stock markets today are mixed. European government bond yields are moving higher.
Barchart · 4d ago
GlobalFoundries Announces Conference Call to Review First Quarter 2024 Financial Results
Barchart · 04/05 07:30
Stocks Slide in Today's Afternoon Trading Session
NASDAQ · 04/04 19:27
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About GFS
GlobalFoundries Inc. is a semiconductor manufacturer. The Company offers a range of mainstream wafer fabrication services and technologies. The Company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. The Company's specialized foundry manufacturing processes include a library consisting of qualified circuit-building block designs (known as IP titles or IP blocks), and differentiated transistor and device technology. The Company's differentiated technology platforms include radio frequency (RF) silicon-on-insulator (SOI), Fin Field-Effect Transistor (FinFET), FDX fully depleted (FD) silicon-on-insulator (SOI), Complementary Metal-Oxide Semiconductor (CMOS), Silicon Germanium (SiGe) and Gallium Nitride (GaN) and Silicon Photonics (SiPh).