HSBC Maintains Hold on GLOBALFOUNDRIES, Lowers Price Target to $43
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 03 2024
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Should l Buy GFS?
Source: Benzinga
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Analyst Views on GFS
Wall Street analysts forecast GFS stock price to fall
11 Analyst Rating
2 Buy
7 Hold
2 Sell
Hold
Current: 43.360
Low
35.00
Averages
41.32
High
48.50
Current: 43.360
Low
35.00
Averages
41.32
High
48.50
About GFS
GlobalFoundries Inc. is a semiconductor manufacturer. The Company offers a range of mainstream wafer fabrication services and technologies. It manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. Its specialized foundry manufacturing processes include a library consisting of qualified circuit-building block designs (known as IP titles or IP blocks), and advanced transistor and device technology. The Company's differentiated technology platforms include radio frequency (RF) silicon-on-insulator (SOI), Fin Field-Effect Transistor (FinFET), FDX, Complementary Metal-Oxide Semiconductor (CMOS), Silicon Germanium (SiGe), Gallium Nitride (GaN), Bipolar-CMOS-DMOS (BCD), and Silicon Photonics (SiPh).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TSMC Captures 70% Foundry Market Share by 2025
- Market Share Growth: TSMC's foundry market share reached 69.9% in 2025, up from 64.4% in 2024, with projected revenue of $122.54 billion reflecting a 36.1% year-over-year increase, showcasing its robust performance amid surging AI infrastructure demand.
- Quarterly Revenue Performance: Despite a slight dip in market share to 70.4% in Q4 2025, quarterly revenue still rose 2.0% sequentially to $33.72 billion, indicating strong revenue growth driven by higher average selling prices.
- Industry-Wide Performance: The top ten foundries generated a combined $169.47 billion in sales in 2025, a 26.3% increase year-over-year, highlighting a strong recovery in the industry driven by AI and high-end chip demand, with TSMC solidifying its market leadership.
- Technical Analysis and Price Action: TSMC shares rose 1.29% to $341.07 in premarket trading, although trading 5.6% below the 20-day SMA, the long-term trend remains positive with a 96.23% increase over the past 12 months, nearing 52-week highs.
See More
US Stocks Plummet as Oil Prices Surge Amid Iran Conflict
- Oil Price Surge Impacts Markets: WTI crude oil prices soared over 9% on Thursday due to fears surrounding the Iran conflict, leading the S&P 500 to drop 1.52%, the Dow Jones by 1.56%, and the Nasdaq 100 by 1.73%, indicating heightened market anxiety over rising inflation.
- Bank Stocks Under Pressure: Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid high investor redemption requests, causing Ares Management to fall over 6% and Goldman Sachs to drop more than 4%, reflecting growing concerns about credit quality in the market.
- Mixed Economic Data: Initial jobless claims in the US fell to 213,000, better than the expected 215,000, indicating labor market strength; however, January building permits fell 5.4% to 1.376 million, suggesting potential slowdowns in future construction activity, which could dampen market confidence.
- International Tensions Affecting Outlook: Comments from Iran's Supreme Leader heightened concerns about ongoing tensions in the Middle East, with expectations that if the situation remains tense, global oil supply could decrease by 8 million barrels per day, further driving up oil prices and potentially leading to a global economic slowdown.
See More
US Stocks Decline Amid Rising Oil Prices
- Oil Price Surge Impacts Market: WTI crude oil prices surged over 9% today following Iraq's suspension of oil terminal activities due to Iranian attacks on tankers, leading the S&P 500 to drop 1.22%, the Dow Jones by 1.32%, and the Nasdaq 100 by 1.46%, indicating market sensitivity to rising energy costs.
- Bank Stocks Under Pressure: Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor redemption demands exceeding fund limits, causing both Morgan Stanley and KKR to decline over 4%, reflecting growing concerns about credit quality in the market.
- Mixed Economic Data: Initial jobless claims in the US fell by 1,000 to 213,000, indicating labor market strength, while January housing starts unexpectedly rose 7.2% to 1.487 million, despite building permits dropping 5.4% to 1.376 million, suggesting potential slowdowns in future construction activity.
- Optimistic Earnings Outlook: Despite market volatility, over 95% of S&P 500 companies have reported earnings, with 74% exceeding expectations, and Q4 earnings growth is projected at 8.4%, providing some support to the market, although overall sentiment remains pressured by rising oil prices.
See More
Middle East Tensions Drive Oil Prices Up, Pressuring Stock Markets
- Surge in Oil Prices: Following an attack by Iran on two tankers, Iraq has suspended oil terminal activities, causing WTI crude prices to rise over 8% today, which could exacerbate global economic uncertainty and lead to increased inflation, impacting consumer spending.
- Global Supply Constraints: The IEA reported that the conflict with Iran is disrupting 7.5% of global oil supply, with an expected reduction of 8 million barrels per day this month, indicating a significant impact on global markets and forcing producers to cut output.
- Mixed US Economic Data: While initial jobless claims fell to 213,000, indicating labor market strength, building permits unexpectedly dropped to a five-month low, suggesting a potential slowdown in future construction activity, which could affect economic growth expectations.
- Market Reactions: Airline and chip stocks are broadly down due to rising oil prices, with companies like Carnival, Royal Caribbean, and Lam Research seeing declines of over 3%, reflecting market concerns about the impact of high oil prices on corporate earnings.
See More
GLOBALFOUNDRIES STOCK FALLS 3.7% AS MAJORITY OWNER MUBADALA BEGINS STAKE DISPOSAL
Stock Performance: Global Foundries shares have decreased by 3.7%.
Ownership Change: The decline follows a major stake sale by majority owner Mubadala.
See More
U.S. Stock Futures Decline as Energy Department to Release Strategic Oil Reserves
- Futures Decline: U.S. stock futures fell on Thursday, reflecting market reactions to Wednesday's mixed close, with the Dow Jones down 0.52%, indicating investor concerns about future economic prospects.
- Strategic Oil Release: The U.S. Energy Secretary announced the release of 172 million barrels from the Strategic Petroleum Reserve starting next week to mitigate energy price spikes due to Middle Eastern conflicts, which is expected to alleviate short-term oil price pressures.
- Market Expectation Shift: The CME Group's FedWatch tool indicates a 99.3% likelihood of the Federal Reserve keeping interest rates unchanged in March, reflecting investor concerns about economic slowdown that may influence future investment decisions.
- Divergent Corporate Performance: Bumble Inc. surged 22.89% in premarket trading after issuing a strong first-quarter revenue outlook, while Morgan Stanley fell 1.80% due to redemption restrictions, highlighting the market's varied responses to different companies.
See More
TSMC Captures 70% Foundry Market Share by 2025
- Market Share Growth: TSMC's foundry market share reached 69.9% in 2025, up from 64.4% in 2024, with projected revenue of $122.54 billion reflecting a 36.1% year-over-year increase, showcasing its robust performance amid surging AI infrastructure demand.
- Quarterly Revenue Performance: Despite a slight dip in market share to 70.4% in Q4 2025, quarterly revenue still rose 2.0% sequentially to $33.72 billion, indicating strong revenue growth driven by higher average selling prices.
- Industry-Wide Performance: The top ten foundries generated a combined $169.47 billion in sales in 2025, a 26.3% increase year-over-year, highlighting a strong recovery in the industry driven by AI and high-end chip demand, with TSMC solidifying its market leadership.
- Technical Analysis and Price Action: TSMC shares rose 1.29% to $341.07 in premarket trading, although trading 5.6% below the 20-day SMA, the long-term trend remains positive with a 96.23% increase over the past 12 months, nearing 52-week highs.
See More
US Stocks Plummet as Oil Prices Surge Amid Iran Conflict
- Oil Price Surge Impacts Markets: WTI crude oil prices soared over 9% on Thursday due to fears surrounding the Iran conflict, leading the S&P 500 to drop 1.52%, the Dow Jones by 1.56%, and the Nasdaq 100 by 1.73%, indicating heightened market anxiety over rising inflation.
- Bank Stocks Under Pressure: Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid high investor redemption requests, causing Ares Management to fall over 6% and Goldman Sachs to drop more than 4%, reflecting growing concerns about credit quality in the market.
- Mixed Economic Data: Initial jobless claims in the US fell to 213,000, better than the expected 215,000, indicating labor market strength; however, January building permits fell 5.4% to 1.376 million, suggesting potential slowdowns in future construction activity, which could dampen market confidence.
- International Tensions Affecting Outlook: Comments from Iran's Supreme Leader heightened concerns about ongoing tensions in the Middle East, with expectations that if the situation remains tense, global oil supply could decrease by 8 million barrels per day, further driving up oil prices and potentially leading to a global economic slowdown.
See More
US Stocks Decline Amid Rising Oil Prices
- Oil Price Surge Impacts Market: WTI crude oil prices surged over 9% today following Iraq's suspension of oil terminal activities due to Iranian attacks on tankers, leading the S&P 500 to drop 1.22%, the Dow Jones by 1.32%, and the Nasdaq 100 by 1.46%, indicating market sensitivity to rising energy costs.
- Bank Stocks Under Pressure: Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor redemption demands exceeding fund limits, causing both Morgan Stanley and KKR to decline over 4%, reflecting growing concerns about credit quality in the market.
- Mixed Economic Data: Initial jobless claims in the US fell by 1,000 to 213,000, indicating labor market strength, while January housing starts unexpectedly rose 7.2% to 1.487 million, despite building permits dropping 5.4% to 1.376 million, suggesting potential slowdowns in future construction activity.
- Optimistic Earnings Outlook: Despite market volatility, over 95% of S&P 500 companies have reported earnings, with 74% exceeding expectations, and Q4 earnings growth is projected at 8.4%, providing some support to the market, although overall sentiment remains pressured by rising oil prices.
See More
Middle East Tensions Drive Oil Prices Up, Pressuring Stock Markets
- Surge in Oil Prices: Following an attack by Iran on two tankers, Iraq has suspended oil terminal activities, causing WTI crude prices to rise over 8% today, which could exacerbate global economic uncertainty and lead to increased inflation, impacting consumer spending.
- Global Supply Constraints: The IEA reported that the conflict with Iran is disrupting 7.5% of global oil supply, with an expected reduction of 8 million barrels per day this month, indicating a significant impact on global markets and forcing producers to cut output.
- Mixed US Economic Data: While initial jobless claims fell to 213,000, indicating labor market strength, building permits unexpectedly dropped to a five-month low, suggesting a potential slowdown in future construction activity, which could affect economic growth expectations.
- Market Reactions: Airline and chip stocks are broadly down due to rising oil prices, with companies like Carnival, Royal Caribbean, and Lam Research seeing declines of over 3%, reflecting market concerns about the impact of high oil prices on corporate earnings.
See More
GLOBALFOUNDRIES STOCK FALLS 3.7% AS MAJORITY OWNER MUBADALA BEGINS STAKE DISPOSAL
Stock Performance: Global Foundries shares have decreased by 3.7%.
Ownership Change: The decline follows a major stake sale by majority owner Mubadala.
See More
U.S. Stock Futures Decline as Energy Department to Release Strategic Oil Reserves
- Futures Decline: U.S. stock futures fell on Thursday, reflecting market reactions to Wednesday's mixed close, with the Dow Jones down 0.52%, indicating investor concerns about future economic prospects.
- Strategic Oil Release: The U.S. Energy Secretary announced the release of 172 million barrels from the Strategic Petroleum Reserve starting next week to mitigate energy price spikes due to Middle Eastern conflicts, which is expected to alleviate short-term oil price pressures.
- Market Expectation Shift: The CME Group's FedWatch tool indicates a 99.3% likelihood of the Federal Reserve keeping interest rates unchanged in March, reflecting investor concerns about economic slowdown that may influence future investment decisions.
- Divergent Corporate Performance: Bumble Inc. surged 22.89% in premarket trading after issuing a strong first-quarter revenue outlook, while Morgan Stanley fell 1.80% due to redemption restrictions, highlighting the market's varied responses to different companies.
See More
