Globalfoundries is trading at $35.90 (-11.01%) amid a broad chip and AI-infrastructure selloff.
- Reuters reported the semiconductor index was down 7.1% as investors weighed possible scrutiny of data-center expansion.
- After November 4 earnings, coverage cited planned $4 billion net capex in 2027 and potential dilution concerns, despite an EPS beat and record margins.
- On November 5, Needham cut its price target, citing sector-wide multiple compression.