Why GlobalFoundries Stock Fell 14% Last Month

Is GlobalFoundries falling behind in the semiconductor race? Find out how broader market trends are affecting this company and its stock. Shares of GlobalFoundries (GFS 1.80%) fell 13.8% in September 2024, according to data from S&P Global Market Intelligence. The chip sector as a whole took a haircut in the first week of September due to geopolitical and economy concerns. Most of the price drops had reversed into modest gains by the end of the month, but this semiconductor manufacturing specialist stayed d ...