Globalfoundries is trading 4.4% down at $55.68 in pre-market, extending a multi-day slide driven by valuation worries and a broader downturn across the semiconductor industry.
- The decline follows industry-wide profit-taking linked to concerns over rising capital expenditure at TSMC and the long-term sustainability of the AI spending boom.
- There are no fresh, company-specific news headlines for the stock this morning; the move tracks general weakness across chip stocks.