Why GlobalFoundries Shares Rose 42% Last Month

·2-min read
Why GlobalFoundries Shares Rose 42% Last Month

Shares of semiconductor manufacturing specialist GlobalFoundries (NASDAQ: GFS) gained 42.1% in November, according to data from S&P Global Market Intelligence. The company entered the public stock market at the very end of October. To cap off November's action, GlobalFoundries posted a mixed earnings report and bullish next-quarter guidance targets.

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