GLOBALFOUNDRIES (GFS) has been upgraded to a Strong Buy with a $66 per share target, driven by its expanding role in AI data centers through silicon photonics technology. Strategic partnerships, including US-Japan fabrication agreements and collaborations with TSMC, support expectations for multi-year, high-margin growth. GFS projects silicon photonics revenue to reach $500 million by fiscal year 2026 and $1 billion by 2027, offsetting declines in the mobile device market. The stock currently trades at a valuation below historical averages, suggesting a strong recovery potential based on technical analysis.
GlobalFoundries shares are trading at USD 40.40 on Pluang, down slightly by 0.27% as of Nov 10, 2026 13:51 WIB. The stock's market cap stands at $21.53 billion, with all recent Pluang order activity showing buyers. This trading data highlights investor interest despite the recent price dip.
