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GlobalFoundries Inc. (GFS) shares rose 8.4% on the last trading day, closing at $35.59. This surge came after a Wall Street Journal report indicated that the Trump administration is proposing mandates for semiconductor companies to meet domestic chip demand, likely increasing GFS’s U.S.-based chip production capacity.
The company is projected to report quarterly earnings of $0.39 per share, reflecting a year-over-year decrease of 4.9%, with expected revenues of $1.68 billion, down 3.7% from the previous year. GFS carries a Zacks Rank of #3 (Hold), indicating stable performance amid fluctuating earnings expectations.
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