After A Rough Period For Semiconductors, GlobalFoundries Looks Like A Good Rebound Candidate
GFSGLOBALFOUNDRIES(GFS) Seeking Alpha·2024-09-10 18:00
JHVEPhoto In November of 2022, I wrote an article praising GlobalFoundries (NASDAQ:GFS) for its growth prospects and positive cash flow at a time when there was a lot of interest in investing in semiconductors. The first few months the stock did pretty well, but then the excess inventories and overcapacity of semiconductors caught up to the industry, leading to a rough 2023. The stock price has really turned around since then, and is now flirting with multi-year lows. Today I want to revisit GlobalFound ...