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GlobalFoundries' 2026 Hopes Are 'Too Optimistic,' Analyst Says
Benzinga· 2025-11-14 00:08
GlobalFoundries Inc (NASDAQ:GFS) delivered steady September-quarter results and issued upbeat guidance for the December quarter, underscoring continued progress in its diversification and margin expansion strategy.The company is seeing strong momentum in automotive and data center demand, with silicon photonics and satellite communications driving growth even as broader market recovery remains gradual.JP Morgan analyst Harlan Sur maintained a Neutral rating on GlobalFoundries and cut the price forecast from ...