GlobalFoundries (GFS) Surges 8.4%: Is This an Indication of Further Gains?

GlobalFoundries Inc. (GFS) shares rallied 8.4% in the last trading session to close at $35.59. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.2% loss over the past four weeks.The upswing came after the Wall Street Journal reported that the President Donald Trump administration is working on a proposal to mandate semiconductor companies to build chips in America over time to meet the entire domestic demand. ...