On July 9, GLOBALFOUNDRIES rose 5.08% in regular trading, trading at 71.33 USD/share, with turnover of $30.22 million. The rally was driven by positive developments in AI computing power that lifted optical communication and semiconductor stocks broadly.

On the news front, major technology companies continue to ramp AI infrastructure spending. Meta plans to deploy 7 gigawatts of AI infrastructure this year, with full-year AI capital expenditure reaching up to $145 billion, representing a significant portion of the global tech industry's estimated $700 billion total AI spending. GLOBALFOUNDRIES has previously partnered with Sivers Semiconductors to co-develop AI-oriented photonics solutions targeting the data center co-packaged optics market, positioning the company as a beneficiary of the AI compute expansion cycle. Additionally, the company recently completed its acquisition of Synopsys' ARC Processor IP business and signed a post-quantum cryptography development agreement with SEALSQ, further strengthening its AI and advanced technology portfolio.

(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.)