Gfs stock price traders are assessing whether strong

Traders are assessing whether strong quarterly sales will trigger a short-term rally above $57 resistance levels. 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. This proposal could boost demand for GlobalFoundries’ US-based chip capacity. Lock in reliable income streams with these 18 dividend stocks with yields > 3% offering yields over 3 percent, perfect for strengthening the defensive side of your portfolio. With GFS stock price stabilizing near $54, institutional buying is becoming evident. Semi industry forecasts remain bullish into 2025, driven by global 5G infrastructure investment and cloud computing demand.