Globalfoundries Inc is trading 6.9% down at $78.90 as disappointing AI-related sentiment and guidance from key chipmakers pressure the semiconductor and broader tech sectors.
- Broadcom’s post-earnings decline has intensified risk-off sentiment, leading to a rotation out of high-valuation AI and technology stocks.
- The downward move coincides with broader losses across the Nasdaq and major indices as investors reassess sector valuations following weak guidance from industry leaders.