GlobalFoundries Inc. ($GFS) Stock Forecast: Up 6.4% Today

What is GlobalFoundries Inc.?

GlobalFoundries (GFS) is a leading semiconductor manufacturer recognized for its advanced microchip production. Recent events have propelled the company's stock price upwards.

Why is GlobalFoundries Inc. going up?

GFS stock is up 6.4% on May 22, 2026 19:37

• GFS stock saw a notable 9.58% increase and a subsequent 12.92% rally following revelations about federal funding and strategic efforts in quantum computing and AI.
• Partnerships with prominent tech companies, investments in deep tech, and plans to enhance manufacturing capabilities have instilled confidence among investors, prompting higher price targets.
• Sizeable grants from the U.S. government, totaling $1.375 billion shared between GFS and IBM for quantum computing advancements, have positioned GFS as a significant player in the emerging quantum computing sector, influencing the stock's upward trajectory.
• Strong first-quarter financial results, dividend declarations, and positive Q2 guidance have further solidified GFS's market standing, garnering favorable forecasts from industry experts and investors.

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GlobalFoundries Stock Jumps As Quantum Bet Draws U.S. Billions

GlobalFoundries (GFS) stock surged by 9.58% following news of its new Quantum Technology Solutions business, which is set to receive a prospective $375 million award and a 1% equity stake from the U.S. Department of Commerce. This initiative, coupled with an additional $375 million in CHIPS Act funding, has led to significant price target increases from Susquehanna and Evercore ISI, linking GFS to growth in quantum, AI inference, and communications infrastructure. The company's strategic partnerships with major tech firms and investment in early-stage deep-tech through GF Accelerate position it as a key player in future AI and quantum hardware development.

https://stockstotrade.com/news/globalfoundries-inc-gfs-news-2026_05_22/

GlobalFoundries gets $375 million in federal funding to expand manufacturing

GlobalFoundries is set to receive $375 million in federal funding to expand its manufacturing capabilities and create new jobs. The company, which produces advanced microchips in Vermont and New York, plans to use the money to scale up its Quantum Technology Solutions initiative. This investment aims to bolster domestic microchip production and foster economic growth in the affected regions.

https://www.wcax.com/2026/05/21/globalfoundries-gets-375-million-federal-funding-expand-manufacturing/

Exclusive | U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes

The Trump administration is awarding $2 billion in grants to nine quantum-computing companies, including IBM and GlobalFoundries, and will take equity stakes in them. This initiative aims to accelerate the nascent quantum computing industry, which is seen as crucial for economic and national security. IBM is receiving $1 billion and will invest an additional $1 billion to establish a specialized quantum chip manufacturing facility.

https://www.wsj.com/tech/quantum-computing-grants-ibm-rigetti-globalfoundries-7382e6be

GlobalFoundries Stock Rallies As AI And Dividends Redraw Outlook

GlobalFoundries (GFS) stock rallied by 12.92% following a strong Q1 earnings report, beating consensus estimates and providing optimistic Q2 guidance. The company also announced its first-ever quarterly dividend of $0.12 and a framework to return up to 50% of free cash flow, tying its future to AI and specialized semiconductor growth. Analysts have subsequently upgraded price targets, highlighting GFS as a key beneficiary of the expanding AI infrastructure market.

https://stockstotrade.com/news/globalfoundries-inc-gfs-news-2026_05_21/

IBM and GlobalFoundries get $1.4 billion for quantum computing

IBM and GlobalFoundries have been awarded a combined $1.375 billion in grants from the U.S. government for quantum computing development. IBM will receive $1 billion to establish a standalone quantum computing chip manufacturing facility called Anderon in Albany, while GlobalFoundries will receive $375 million. These funds, part of the CHIPS and Science Act, aim to make the Capital Region a hub for quantum computing and counter China's dominance in chip technology.

https://www.timesunion.com/business/article/report-ibm-globalfoundries-get-1-4-billion-22269977.php

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GlobalFoundries Inc. Price History

22.04.2026 - GFS Stock was up 10.0%

• GlobalFoundries secured $375 million in federal funding to enhance its manufacturing capabilities, leading to increased investor confidence in the company's growth potential.
• The company's stock price surged post a robust Q1 earnings release and the declaration of its inaugural quarterly dividend, reflecting positive sentiments from analysts and investors.
• The U.S. government's emphasis on backing quantum computing companies, such as GlobalFoundries, through substantial grants and programs, has also influenced the current market momentum.
• The introduction of GlobalFoundries' Quantum Technology Solutions division further cements its position in the quantum computing sector and has garnered support from prominent players in the technology industry, elevating its market attractiveness.

22.04.2026 - GFS Stock was up 6.4%

• GFS stock saw a notable 9.58% increase and a subsequent 12.92% rally following revelations about federal funding and strategic efforts in quantum computing and AI.
• Partnerships with prominent tech companies, investments in deep tech, and plans to enhance manufacturing capabilities have instilled confidence among investors, prompting higher price targets.
• Sizeable grants from the U.S. government, totaling $1.375 billion shared between GFS and IBM for quantum computing advancements, have positioned GFS as a significant player in the emerging quantum computing sector, influencing the stock's upward trajectory.
• Strong first-quarter financial results, dividend declarations, and positive Q2 guidance have further solidified GFS's market standing, garnering favorable forecasts from industry experts and investors.

18.04.2026 - GFS Stock was down 5.1%

• The bearish movement in GFS stock today could be attributed to the significant insider selling activities by top executives like CSO Michael Hogan and Chief Customer Officer Samuel Vicari.
• The planned share sales and gifts by these insiders might have raised concerns among investors about the company's future performance or valuation, leading to a sell-off in the stock.
• Despite the recent positive developments such as beating EPS forecasts, declaring dividends, and outlining growth strategies, the insider selling spree and concerns about overvaluation seem to have outweighed the positive news, causing the bearish market movement in GFS today.

13.04.2026 - GFS Stock was up 5.3%

• Today's positive movement in GFS stock is linked to the Chief Legal Officer's sale of shares through a Rule 10b5-1 plan, demonstrating confidence in the company's performance.
• GFS exceeded expectations in Q1 by generating over $1.6 billion in revenue, driven by its strategic three-pillar approach and increased success in securing design contracts. This strong performance has likely bolstered investor trust.
• Analysts' favorable projections for GlobalFoundries, including raised price targets and optimism about strong earnings potential, have also contributed to the positive market sentiment.
• The initiation of a dividend payment and the introduction of a new capital return strategy, coupled with expected growth opportunities in AI-focused markets and enhancements in gross margins, have further solidified investors' confidence in GFS's future outlook.

13.04.2026 - GFS Stock was up 6.8%

• The uptrend in GFS stock can be linked to its outstanding Q1 2026 revenue performance, indicating growth in crucial sectors.
• Despite the Chief Legal Officer selling shares, investors remained unfazed as the company issued its first dividend and received adjusted price targets from analysts, showcasing faith in its future prospects.
• Susquehanna's higher price target for GFS, supported by strong earnings potential, boosted investor confidence, positioning GlobalFoundries as an appealing investment opportunity in the semiconductor sector.

20.04.2026 - GFS Stock was up 5.2%

• GFS stock displayed a notable bullish movement today.
• The uptrend could be linked to the company's investments in deep tech startups and advancements in semiconductor technologies for future AI infrastructure.
• The declaration of the first dividend and the introduction of the silicon photonics platform likely boosted investor confidence and contributed to the stock's upward trajectory.
• Insider selling by the Chief Legal Officer and CSO might have been executed via pre-arranged trading plans and probably had minimal impact on overall market activity.

21.04.2026 - GFS Stock was up 14.2%

• GFS stock rose by 12.92% following strong Q1 earnings results which surpassed expectations, along with a positive outlook for Q2. Investors have reacted positively to the company's introduction of its first quarterly dividend and a plan to allocate up to 50% of free cash flow.
• The launch of Quantum Technology Solutions by GlobalFoundries, with backing from the U.S. Department of Commerce, has boosted investor confidence. This development positions GFS as a major player in expanding quantum manufacturing capabilities to support large-scale quantum computing, meeting the rising demand for AI infrastructure.
• The U.S. government's grant awards to strategic quantum-computing entities, including GlobalFoundries, and its decision to take ownership stakes, highlights the crucial role of quantum computing in both economic and national security. This initiative is anticipated to hasten advancements in quantum technologies and fortify the country's manufacturing capabilities within this vital industry.

21.04.2026 - GFS Stock was up 14.2%

• GFS stock experienced a strong bullish movement of 12.92% following a robust Q1 earnings performance and positive Q2 guidance.
• The announcement of GFS's first-ever quarterly dividend and plans to return up to 50% of free cash flow to shareholders contributed to the positive market sentiment.
• The U.S. government's grants totaling $1.375 billion to GFS for quantum computing development, along with the launch of Quantum Technology Solutions, further boosted investor confidence in the company's future growth prospects.
• The strategic initiatives by GFS to align with AI and specialized semiconductor growth, as well as the support from leading quantum and technology firms, position the company as a key player in the expanding AI infrastructure market.

08.04.2026 - GFS Stock was up 5.1%

• GlobalFoundries (GFS) shares surged by 5% after announcing its first-ever quarterly dividend of $0.12 per share, showcasing a commitment to shareholder returns.
• The positive sentiment towards GFS was further reinforced by analysts' bullish ratings and price targets, indicating strong growth potential in the technology sector.
• FMR LLC's significant 11.5% ownership of GFS common stock also added to the positive market sentiment, reflecting institutional confidence in the company's future prospects.
• The combination of the dividend declaration, favorable analyst outlook, and institutional support likely contributed to the bullish market movement of GlobalFoundries (GFS) today.

08.04.2026 - GFS Stock was up 5.6%

• The declaration of a quarterly dividend of $0.12 per share by GlobalFoundries likely contributed to the positive market sentiment, signaling the company's commitment to rewarding shareholders and enhancing investor confidence.
• The pre-planned sale of 500 shares by the Chief Business Officer under a Rule 10b5-1 trading plan did not deter investors, as it was considered a routine liquidity event rather than a discretionary trade, maintaining the officer's substantial position in the company.
• The unveiling of the dividend and long-term roadmap at the investor day event further boosted investor optimism, with the stock rising 5% following the announcement, showcasing the company's strategic vision and potential for growth.
• Analysts' bullish sentiments and positive ratings on GlobalFoundries also contributed to the stock's bullish movement, reflecting a broader investor interest in the technology sector and confidence in the company's future prospects.

07.04.2026 - GFS Stock was up 4.9%

• The rise in GFS stock value today may be linked to the sustained positive feedback from analysts and institutions, notably FMR LLC increasing its ownership share and analysts revising upward price targets.
• Analysts' positive forecasts for GFS, along with price target revisions from firms like Morgan Stanley, Susquehanna, and Cantor Fitzgerald, likely boosted investor confidence and sparked interest in the stock.
• The RSU grant awarded to director Thomas Caulfield, alongside positive consensus ratings from analysts, further solidified the market's upbeat attitude towards GFS, hinting at strong growth potential in the semiconductor industry.

12.04.2026 - GFS Stock was down 5.1%

• The Chief Legal Officer selling 500 shares under a Rule 10b5-1 plan may have signaled a lack of confidence in the short-term performance of the company, potentially contributing to the bearish movement.
• Despite positive outlook on GFS's earnings potential and the company's strong financial indicators, the market may have reacted negatively to the insider selling activity.
• The stock hitting a 52-week high and positive analyst sentiments could not offset the impact of the Chief Legal Officer's sale, leading to a bearish movement in the stock price.
• The market may be cautious due to the potential overvaluation, causing investors to take profits and resulting in the bearish trend for the day.