Globalfoundries Inc is trading 10.7% down at $75.65 following a sector-wide semiconductor and AI pullback triggered by Broadcom’s disappointing earnings and guidance.
- The drop reinforces risk-off sentiment in high-valuation chip names amid broader market weakness and concerns regarding higher interest rates.
- The stock is significantly underperforming a sharply weaker tech market, retreating from its recent highs above $84.