Strength Seen in GlobalFoundries (GFS): Can Its 6.8% Jump Turn into More Strength?
GFSGLOBALFOUNDRIES(GFS) ZACKS·2024-07-18 22:41

GlobalFoundries Inc. (GFS) shares rallied 6.8% in the last trading session to close at $58.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.1% gain over the past four weeks.GlobalFoundries extended its rally, driven by its U.S. manufacturing capabilities to support its domestic chip manufacturing amid rising geopolitical tensions, including increasing trade restrictions on China.This company is expected ...