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The Latest Breaking News from GlobalFoundries

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.

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.

Investors Business Daily

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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…

Benzinga

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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