GlobalFoundries Inc. (NASDAQ: GFS) saw its stock climb nearly 7% on Thursday, bucking the downtrend affecting other key players in the semiconductor industry. This increase came amid potential new US restrictions on chip supplies to China, which could negatively impact major competitors like Taiwan Semiconductor Manufacturing Company Limited (TSMC) and NVIDIA...
GlobalFoundries ( NASDAQ:GFS ) has surpassed Wall Street's first-quarter earnings targets and provided better-than-expected guidance for the current period. The Malta-based company earned an adjusted 31 cents a share on sales of $1.55 billion in the March quarter, which was 40% below analysts' expectations of 23 cents a share on sales of $1.52 billion. However, on...
Price has filled the gap from last week. I'm expecting the upside to continue towards 65 USD. Alternative entry would be around the lower trend lines if price gets there.
I bought this one yesterday with a Stop at 60.5$ If you want to get in, maybe wait for a small intraday pullback before doing so if you consider that a 6% risk is too much for you in current market conditions.