On May 26, GLOBALFOUNDRIES rose 5.16% in regular trading, trading at $90.27/share, with trading volume of $285 million. The stock continues its upward trajectory following a sharp recovery from consecutive declines of over 5% and 6% on May 18 and May 19 respectively.

On the news front, the U.S. Department of Commerce announced a grant of up to $375 million to GLOBALFOUNDRIES to support the development and deployment of quantum technology solutions, aimed at strengthening U.S. supply chain capabilities in quantum computing semiconductors. Additionally, the company recently launched its SCALE optical module solution — a silicon photonics co-packaged advanced optical engine and the first platform compatible with the OCI MSA protocol — designed for co-packaged optics applications in AI data centers and high-performance computing interconnects.

Within the Semiconductors sector, the broader industry showed notable strength. Among individual stocks, Micron Technology up 17.57%, Advanced Micro Devices up 5.83%, Marvell Technology up 4.15%, Intel up 1.76%, NVIDIA down 1.32%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)