GlobalFoundries Believes the Semiconductor Recovery Is Here, but There's a Catch

By Jose Najarro and Billy Duberstein – May 24, 2023 at 6:15AM

NASDAQ: GFS

Globalfoundries

Market Cap

$25B

Today's Change

(-0.04%) -$0.02

Current Price

$46.35

Price as of April 23, 2024, 4:00 p.m. ET

GlobalFoundries continues to benefit from the automotive tailwinds impacting the chip industry.

GlobalFoundries (GFS -0.04%) projects to be free-cash-flow positive this year, even with a semiconductor recovery happening slower than previously anticipated. Want to learn more about what GlobalFoundries' earnings revealed about the semiconductor market? Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of May 15, 2023. The video was published on May 23, 2023.

Billy Duberstein has no position in any of the stocks mentioned. Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.