The Week

GlobalFoundries rose 3.85% this week to close at $46.95, while the S&P 500 slipped 0.8%, leaving the stock roughly 4.65 percentage points ahead of the benchmark. The four-session week started soft: Tuesday opened at $46.30 and dipped to $44.90 before settling at $45.09. Wednesday and Thursday traded in a narrow range between $44.64 and $46.34 on lighter volume. Friday brought a push higher, hitting $47.33 intraday and closing near the week’s top. Amplitude came in at 5.81%, and average daily volume was about 3.87 million shares, around 4.9% above the recent median. The latest price still sits near the 20-day moving average of $46.84, well off June’s range high of $90.78.

Key Events

The week’s main thread was GlobalFoundries’ CHIPS Act collaboration with the US Department of Commerce. On Tuesday, the company finalised a $375 million R&D award tied to advancing US quantum leadership, and separately issued shares to the Commerce Department under a new securities agreement. The news rippled through quantum names such as D-Wave and Quantinuum, while Intel helped lift chips early in the week.

Beyond quantum, GlobalFoundries pushed forward on edge AI and power devices: it introduced new edge AI UX platforms and advanced its GaNFast roadmap. On Thursday, the company announced a Singapore 300mm production agreement with Monolithic Power Systems, deepening its footprint in power management. At the industry level, the top 10 foundries posted record combined revenue of $53.49 billion in Q2 2026, giving a supportive demand backdrop.

Analyst Ratings

Among 22 institutions covering the stock, 10 rate it buy, 4 rate it outperform, 7 rate it hold, and 1 rates it underperform, with no sell ratings. The consensus recommendation is buy, and the consensus target sits at $76, about 61.9% above the latest price. The target range is wide, from $55 to $140, pointing to a real divergence in longer-term views. Within the semiconductor manufacturers group, the stock ranks 17th out of 77, placing it in the upper-middle tier. These figures reflect aggregated ratings at a point in time; no directional changes are identified in this week’s data.

The Week Ahead

The macro calendar turns busier from Tuesday. New York Fed manufacturing data lands on 15 September, with the prior reading at 20.6 and consensus at 14.75. On 16 September, retail sales, retail sales ex-autos, import prices, the NAHB housing index and weekly EIA crude inventories all arrive. Retail sales and the ex-autos series come off weak prior prints, so a sizeable miss or beat could move the tape. On the company front, follow-through on the quantum chip award and the Singapore 300mm deal, plus any fresh signs on quarterly foundry revenue, are the lines to watch.

In Short

GlobalFoundries outperformed the market this week, supported by quantum-chip funding news and capacity-linked deals; yet the price is still near its 20-day moving average and far below prior highs, with valuations around 36x P/E and 2.18x book. Ratings lean positive and the consensus target sits above spot, but the wide target range signals uneven conviction. In the latest session, large-lot flow was negative while small-lot flow was positive, leaving direction mixed. The next test is whether quantum-related work turns into visible orders, whether consumer data feeds through to semis, and whether the stock can clear the short-term resistance just above $47.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.