Scoopfeeds — Intelligent news, curated.
Why GlobalFoundries Stock Skyrocketed This Week
business

Why GlobalFoundries Stock Skyrocketed This Week

Yahoo Finance · May 24, 2026, 6:04 PM

Key takeaways

  • Keith Noonan, The Motley Fool Mon, May 25, 2026 at 1:04 AM GMT+7 3 min read GFS ^GSPC ^IXIC Global Foundries (NASDAQ: GFS) stock rocketed higher in this week s trading.
  • Global Foundries stock saw big gains this week in conjunction with the announcement of new quantum computing initiatives and the announcement of major new support for the quantum industry from the U.S. government.
  • Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need.

Keith Noonan, The Motley Fool Mon, May 25, 2026 at 1:04 AM GMT+7 3 min read GFS ^GSPC ^IXIC Global Foundries (NASDAQ: GFS) stock rocketed higher in this week s trading. The semiconductor company s share price gained 20.6% across the period. Meanwhile, the S&P 500 index s level increased 0.9%, and the Nasdaq Composite s level was up 0.5%.

Global Foundries stock saw big gains this week in conjunction with the announcement of new quantum computing initiatives and the announcement of major new support for the quantum industry from the U.S. government. The company s stock is now up 145% in 2026.

Will AI create the world s first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue »

Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance → More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop