Movement Alert｜GLOBALFOUNDRIES Rises 5.16% in Regular Trading, US Commerce Department 375 Million Dollar Quantum Grant and New Product Momentum Continue

Market Focus

22 hours ago

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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