Globalfoundries is trading at $52.44, up +4.13%, extending its post-earnings rebound after Q2 revenue reached $1.786 billion, exceeding expectations.
- Adjusted EPS of $0.46 and 29.9% non-IFRS gross margin also surpassed estimates.
- Management projected Q3 revenue of $1.885 billion; accelerating AI data-center demand supported investor optimism.
- The company’s $300 million U.S. support for silicon photonics reinforces its AI infrastructure strategy; the move appears company-specific, reflecting stronger profitability and constructive guidance, not broad market trading.