Globalfoundries Inc is trading at $84.40 (+4.66%) as semiconductor shares rebound alongside a stronger technology session.
- The upward move aligns with a broader risk-on tone across the market, with the NASDAQ Composite gaining 0.89% and the S&P 500 up 0.72%.
- While there is no company-specific catalyst, the stock is benefiting from sector-wide strength and market optimism after the Federal Reserve held interest rates steady.