Why GlobalFoundries Stock Soared 7% on Wednesday

Semiconductor stocks are having a rough time of things Wednesday, with shares of giants such as Taiwan Semiconductor Manufacturing (TSM -7.52%) falling more than 7% on worries of additional U.S. government interference with the chip market. Playing politics with semiconductors The implication: If reelected, Trump might aim to reduce dependence on Taiwanese chips. And the unspoken implication: He might impose tariffs on chips sold by Taiwan Semiconductor. Is GlobalFoundries stock a buy? To the contrary, with ...